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Statistics for business decision making and analysis robert stine and foster chapter 08

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Chapter Conditional Probability Copyright © 2011 Pearson Education, Inc 8.1 From Tables to Probability How does education affect income?  Percentages computed within rows or columns of a contingency table correspond to conditional probabilities  Conditional probabilities allow us to answer questions like how education affects income of 40 Copyright © 2011 Pearson Education, Inc 8.1 From Tables to Probability Contingency Table (Counts) for Amazon.com of 40 Copyright © 2011 Pearson Education, Inc 8.1 From Tables to Probability Converting Counts to Probabilities  Assume the next visitor to Amazon.com behaves like a random choice from the 17,619 cases in the contingency table  Divide each count by 17,619 to get fractions (probabilities) of 40 Copyright © 2011 Pearson Education, Inc 8.1 From Tables to Probability Probabilities for Amazon.com of 40 Copyright © 2011 Pearson Education, Inc 8.1 From Tables to Probability Joint Probability  Displayed in cells of a contingency table  Represent the probability of an intersection of two or more events  For Amazon.com there are six joint probabilities; e.g., P(Yes and MSN) = 0.016 of 40 Copyright © 2011 Pearson Education, Inc 8.1 From Tables to Probability Marginal Probability  Displayed in the margins of a contingency table  Is the probability of observing an outcome with a single attribute, regardless of its other attributes  For Amazon.com there are four marginal probabilities, e.g., P(MSN) = 0.396 + 0.016 = 0.412 of 40 Copyright © 2011 Pearson Education, Inc 8.1 From Tables to Probability Conditional Probability  P(A І B), the conditional probability of A given B, is P(A and B) / P(B)  To obtain a conditional probability, we restrict the sample space to a particular row or column of 40 Copyright © 2011 Pearson Education, Inc 8.1 From Tables to Probability Conditional Probability  Of interest to Amazon.com is the question “which host will deliver the best visitors, those who are more likely to make a purchase?”  Find conditional probabilities to answer questions like “among visitors from MSN, what is the chance a purchase is made?” 10 of 40 Copyright © 2011 Pearson Education, Inc 4M Example 8.1: DIAGNOSTIC TESTING Motivation If a mammogram indicates that a 55 year old woman tests positive for breast cancer, what is the probability that she in fact has breast cancer? 26 of 40 Copyright © 2011 Pearson Education, Inc 4M Example 8.1: DIAGNOSTIC TESTING Method Past data indicates the following probabilities: P(Test negative І No cancer) = 0.925 P(Test positive І Cancer) = 0.85 P(Cancer) = 0.003 27 of 40 Copyright © 2011 Pearson Education, Inc 4M Example 8.1: DIAGNOSTIC TESTING Mechanics – Fill in the Probability Table 28 of 40 Copyright © 2011 Pearson Education, Inc 4M Example 8.1: DIAGNOSTIC TESTING Mechanics – Fill in the Probability Table Use Multiplication Rule to obtain joint probabilities For example, P (Cancer and Test positive) = P (Cancer) × P(Test positive І Cancer) = 0.0030 × 0.85 = 0.00255 29 of 40 Copyright © 2011 Pearson Education, Inc 4M Example 8.1: DIAGNOSTIC TESTING Mechanics – Completed Probability Table 30 of 40 Copyright © 2011 Pearson Education, Inc 4M Example 8.1: DIAGNOSTIC TESTING Message The chance that a woman who tests positive actually has cancer is small, a bit more than 3% 31 of 40 Copyright © 2011 Pearson Education, Inc 8.3 Organizing Probabilities Bayes’ Rule: Reversing a Conditional Probability Algebraically P(A І B) = _P(B І A) P(A) P(B І A) P(A) + P(B І Ac) P(A×c) × × 32 of 40 Copyright © 2011 Pearson Education, Inc 4M Example 8.2: FILTERING JUNK MAIL Motivation Is there a way to help workers filter out junk mail from important email messages? 33 of 40 Copyright © 2011 Pearson Education, Inc 4M Example 8.2: FILTERING JUNK MAIL Method Past data indicates the following probabilities: P(Nigerian general І Junk mail) = 0.20 P(Nigerian general І Not Junk mail) = 0.001 P(Junk mail) = 0.50 34 of 40 Copyright © 2011 Pearson Education, Inc 4M Example 8.2: FILTERING JUNK MAIL Mechanics – Fill in the Probability Table 35 of 40 Copyright © 2011 Pearson Education, Inc 4M Example 8.2: FILTERING JUNK MAIL Mechanics – Use Table to find Conditional Probability P (Junk mail І Nigerian general) = 0.1 / 0.1005 = 0.995 36 of 40 Copyright © 2011 Pearson Education, Inc 4M Example 8.2: FILTERING JUNK MAIL Message Email messages to this employee with the phrase “Nigerian general” have a high probability (more than 99%) of being spam 37 of 40 Copyright © 2011 Pearson Education, Inc Best Practices  Think conditionally  Presume events are dependent and use the Multiplication Rule  Use labels to organize probabilities 38 of 40 Copyright © 2011 Pearson Education, Inc Best Practices (Continued)  Use probability trees for sequences of conditional probabilities  Check that you have included all of the events  Use Bayes’ Rule to reverse the order of conditioning 39 of 40 Copyright © 2011 Pearson Education, Inc Pitfalls  Do not confuse P(A І B) for P(B І A)  Don’t think that “mutually exclusive” means the same thing as “independent.”  Do not confuse counts with probabilities 40 of 40 Copyright © 2011 Pearson Education, Inc ... probability of two events A and B is the product of the marginal probability of one times the conditional probability of the other P(A and B) = P(A) x P(B І A) P(A and B) = P(B) x P(A І B) B 16... Represent the probability of an intersection of two or more events  For Amazon.com there are six joint probabilities; e.g., P(Yes and MSN) = 0.016 of 40 Copyright © 2011 Pearson Education, Inc 8.1... to Probability Conditional Probabilities Show Purchases are more likely from MSN and Yahoo P(Yes І MSN) = P(Yes and MSN) / P(MSN) = 0.016 / 0.412 = 0.039 P(Yes І RecipeSource) ≈ 0.000 P(Yes І

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