Applied Business Economics

Subject BUSINESS ECONOMICS


Paper No. and Title 2, Applied Business Statistics

Module No. and 2, Laws of Probability and Bayes’ Theorem
Title
Module Tag BSE_P2_M2




BUSINESS PAPER No.: 2, APPLIED BUSINESS ECONOMICS
ECONOMICS MODULE No.: 2, LAWS OF PROBABLILITY AND BAYES’ THEOREM

, TABLE OF CONTENTS
1. Learning Outcomes
2. Introduction
3. Laws of Probability
3.1 Laws of Additional Probability
3.2 Laws of Multiplication
3.3 Laws of conditional probability
3.4 Laws of Total Probability
3.5 The Bayes’ Rule
4. Summary




BUSINESS PAPER No.: 2, APPLIED BUSINESS ECONOMICS
ECONOMICS MODULE No.: 2, LAWS OF PROBABLILITY AND BAYES’ THEOREM