H) Define axiomatic definition of Probability.
Question
H) Define axiomatic definition of Probability.
Solution
The axiomatic definition of probability is based on the following three axioms:
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Non-negativity: For any event A, the probability of A is always greater than or equal to zero. This is mathematically represented as P(A) ≥ 0.
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Certainty: The probability of a certain event (the sample space S) is 1. This is mathematically represented as P(S) = 1.
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Additivity: For any two mutually exclusive events A and B (events that cannot both occur), the probability of either event A or event B occurring is the sum of their individual probabilities. This is mathematically represented as P(A U B) = P(A) + P(B) for A ∩ B = ∅.
These axioms form the basis of the mathematical theory of probability.
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