MBA Quantitative Aptitude Basic Concepts – Probability

Dear Aspirants,

Here, we bring for you another tricky yet important concept to learn. ‘Probability’ is one important topic of Modern mathematics which has the potential to shoot up the scores of a CAT aspirant.

Hence, it is important to gain proficiency on this topic in order to fetch brilliant scores in this topic. An in-direct application of this topic can be expected in the Data Interpretation Section also.

Probability of a particular event represented as P(E) is given by:

The total number of outcomes is called as the sample space

Independent events: Two events are said to be independent if the success of one event does not influence the other.

If two events are independent and ‘a’ and ‘b’ are the probabilities of the first and second events respectively then the probability that both the events will occur is ab.

If two events A and B are independent then,

Also Read: More Concepts on Probability

We hope that these concepts along with their associated exercises would help you in your preparation of Probability chapter.

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