Real Life Probability

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Real Life Probability Rate Topic:

#1 14 December 2011 - 04:29 PM chinmayrshah

Quark

I want to ask that how one can solve a problem having two different sets of data, which are equally probable to happen? Can there be any iterative method that can solve that confusion? The problem is similar to the cases in courts. But my question is that how can one use the probability and its laws in solving that case? I saw something like the Markov Chain on the Numb3rs but is it possible? How can one use it? Can someone use psychology with probability?

Thank you in advance!

Posts: 17 | Joined: 09-January 11
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#2 14 December 2011 - 06:33 PM immortal

Baryon

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P(AB) = m₁m₂/n₁n₂ = P(A)P(B) (for indepedent experiments) and P(AB) = P(A) P(B/A) (for not independent experiments)

where,

m₁is the number of cases favourable to the happening of event A from the first data set.
m₂ is the number of cases favourable to the happening of event B from the second data set.
n₁n₂ is the number of events in the combined data set.

I think game theory predicts behavioural patterns and also uses probability and finds an optimal solution, it might be really helpful.

This post has been edited by immortal: 14 December 2011 - 06:34 PM

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