Probability Help

This topic has expert replies
Junior | Next Rank: 30 Posts
Posts: 14
Joined: Tue Jan 19, 2016 6:13 pm

Probability Help

by g3lo » Thu Jan 21, 2016 10:37 am
Hi all,

Was hoping one of you could help me wrap my mind around the below;

presuming B occurs, the probability that A occurs is AnB/B

Thank you,
g3lo

User avatar
Legendary Member
Posts: 1100
Joined: Sat May 10, 2014 11:34 pm
Location: New Delhi, India
Thanked: 205 times
Followed by:24 members

by GMATinsight » Thu Jan 21, 2016 10:44 am
g3lo wrote:Hi all,

Was hoping one of you could help me wrap my mind around the below;

presuming B occurs, the probability that A occurs is AnB/B

Thank you,
g3lo
Yes you are right... It's conditional probability. You can read in detail as Baye's theorem/Conditional probability.
"GMATinsight"Bhoopendra Singh & Sushma Jha
Most Comprehensive and Affordable Video Course 2000+ CONCEPT Videos and Video Solutions
Whatsapp/Mobile: +91-9999687183 l [email protected]
Contact for One-on-One FREE ONLINE DEMO Class Call/e-mail
Most Efficient and affordable One-On-One Private tutoring fee - US$40-50 per hour

Junior | Next Rank: 30 Posts
Posts: 14
Joined: Tue Jan 19, 2016 6:13 pm

by g3lo » Thu Jan 21, 2016 10:57 am
I guess my question was, how do they set-up the equation using the wording. For some reason, it does not sink in. I do not want to resort to memorizing if I can break it down and understand it.

GMAT/MBA Expert

User avatar
Elite Legendary Member
Posts: 10392
Joined: Sun Jun 23, 2013 6:38 pm
Location: Palo Alto, CA
Thanked: 2867 times
Followed by:511 members
GMAT Score:800

by [email protected] » Thu Jan 21, 2016 3:00 pm
Hi g3lo,

Conditional probability is exceptionally rare on the GMAT (I'll bet that you don't see it at all on the Official GMAT). In the event that you see a Quant question that 'hints' at conditional probability, you will almost certainly be able to answer the question using simpler probability concepts and/or permutations or combinations.

GMAT assassins aren't born, they're made,
Rich
Contact Rich at [email protected]
Image

User avatar
Legendary Member
Posts: 2663
Joined: Wed Jan 14, 2015 8:25 am
Location: Boston, MA
Thanked: 1153 times
Followed by:128 members
GMAT Score:770

by DavidG@VeritasPrep » Fri Jan 22, 2016 9:08 am
g3lo wrote:Hi all,

Was hoping one of you could help me wrap my mind around the below;

presuming B occurs, the probability that A occurs is AnB/B

Thank you,
g3lo
The concept is more important than the derivation of the notation. (And, thankfully, the concept really isn't complicated, at least for what we'll need on the GMAT.)

Imagine you have a bag of marbles. There are 3 red and 5 blue marbles and no other kinds of marbles. Say we select two marbles at random and we want to know the probability that we select two red marbles.

The scenario when we select a red marble on the first pick, we'll call: Event A
The scenario when we select a red marble on the second pick, we'll call: Event B

First, find P(A): There are 3 red marbles and 8 total marbles, so P(A) = 3/8

Next find P(B|A): The notation here simply means the probability that B will occur, given that A has occurred. So if A occurred, then we selected a red marble with the first pick. In this case, there will be 2 red marbles remaining and 7 total marbles remaining, meaning that P(B|A) = 2/7.

And the probability that we select a red on both picks is P(A) * P(B|A) = (3/8) * (2/7)

The most important thing is to make sure you note that the composition of the bag's marbles changes with each selection. (When you're solving this on your own, you don't need to use the notation.)
Veritas Prep | GMAT Instructor

Veritas Prep Reviews
Save $100 off any live Veritas Prep GMAT Course

Junior | Next Rank: 30 Posts
Posts: 14
Joined: Tue Jan 19, 2016 6:13 pm

by g3lo » Fri Jan 22, 2016 4:47 pm
Thank you both for the answers!

Rich, I sent you a PM, could you kindly reply when you get the chance?

Best,
g3lo

GMAT/MBA Expert

User avatar
Elite Legendary Member
Posts: 10392
Joined: Sun Jun 23, 2013 6:38 pm
Location: Palo Alto, CA
Thanked: 2867 times
Followed by:511 members
GMAT Score:800

by [email protected] » Fri Jan 22, 2016 7:12 pm
Hi g3lo,

I've responded to your PM; if you have any additional questions, then you can feel free to contact me directly (by email or by PM).

GMAT assassins aren't born, they're made,
Rich
Contact Rich at [email protected]
Image