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Decoding Your Data
Unlocking the World of Probability
Learning Outcome
6
Understand random variables
5
Explain conditional probability with examples
4
Understand independent and dependent events
3
Calculate basic probability
2
Identify sample space and events
1
Explain probability in simple terms
Earlier:
-
We saw data forming a bell curve.
-
We saw extreme values are rare.
But why are extreme values rare?
Because probability of extreme events is low.
Probability explains:
-
Why most students score near average
-
Why very high or very low scores are less common
Probability is the reason distributions look the way they do.
A student asks:
Probability helps us measure chances, not promises.
The teacher says:
She cannot guarantee success.
But she can estimate likelihood.
That likelihood is probability.
Before we can calculate chances, we must know:
-
What are all possible outcomes?
-
What outcome are we interested in?
That is where probability begins.
What is Probability?
Probability tells us how likely something is to happen.
It measures chance.
Basic Formula:
- Favorable outcomes → The result we want
-
Total outcomes → All possible results
Example 1 :
Tossing a Coin
Possible outcomes :
Head or Tail → 2 outcomes
Probability of Head:
1 ÷ 2 = 0.5
That means 50% chance.
Example 2 :
Core Concepts (Slide 7)
Core Concepts (.....Slide N-3)
Summary
5
Build strong branding
4
Use different marketing channels
3
Target the right audience
2
Create and communicate value
1
Understand customer needs
Choose cool, soft colors instead of vibrant colors
Max 5 Points for Summary & Min 2
Quiz
Which platform is mainly used for professional networking and B2B marketing ?
A. Facebook
B. Instagram
C. LinkedIn
D. Snapchat
Quiz-Answer
Which platform is mainly used for professional networking and B2B marketing ?
A. Facebook
B. Instagram
C. LinkedIn
D. Snapchat
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