LEARNING OBJECTIVES
After studying this chapter, you should be able to:

• Define probability, sample space, and event.
• Distinguish between subjective and objective probability.
• Describe the complement of an event and the intersection and union of two events.
• Compute probabilities of various types of events.
• Explain the concept of conditional probability and how to compute it.
• Describe permutation and combination and their use in certain probability computations.
• Explian Bayes' theorem and its application.