{"id":3825,"date":"2017-03-21T19:59:27","date_gmt":"2017-03-21T19:59:27","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/waymakercollegealgebra\/?post_type=chapter&#038;p=3825"},"modified":"2017-04-04T20:03:19","modified_gmt":"2017-04-04T20:03:19","slug":"why-it-matters-prob","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/ivytech-wmopen-collegealgebra\/chapter\/why-it-matters-prob\/","title":{"raw":"Why It Matters: Probability and Counting Principles","rendered":"Why It Matters: Probability and Counting Principles"},"content":{"raw":"According to the news, the lottery jackpot is climbing by the hour. \u00a0Long lines of dreamers are forming wherever lottery tickets are sold. \u00a0While you don\u2019t usually buy lottery tickets, it is getting tempting. \u00a0Just imagine what you could do with $100 million dollars. \u00a0Perhaps you could retire early or never even go to work. \u00a0Maybe visit a beautiful island. \u00a0All you need to do is pick the correct numbers, and the jackpot is all yours.\r\n\r\n<img class=\"size-medium wp-image-3884 aligncenter\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/896\/2017\/03\/22214133\/lotto-864035_1920-300x298.jpg\" alt=\"Image shows numbered balls as would be used to select the winning numbers of a lottery.\" width=\"300\" height=\"298\" \/>\r\n\r\n&nbsp;\r\n\r\nIt sounds easy enough; just six simple numbers. \u00a0But how likely are you to win? \u00a0And could you increase the likelihood of winning by purchasing more lottery tickets?\r\n\r\n&nbsp;\r\n\r\nTo answer these questions, you need to know about permutations and combinations. \u00a0So learn about them as you complete this module, and then we\u2019ll return to the lottery at the end. \u00a0Then you\u2019ll be able to decide whether you want to stand in line to purchase a ticket.\r\n\r\n<img class=\"size-medium wp-image-3886 aligncenter\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/896\/2017\/03\/22214638\/sea-418742_1920-300x225.jpg\" alt=\"Photo shows blue ocean water in an inlet between rock structures.\" width=\"300\" height=\"225\" \/>\r\n\r\n&nbsp;\r\n<div class=\"textbox learning-objectives\">\r\n<h3>Learning Objectives<\/h3>\r\nCounting Principles\r\n<ul class=\"ul1\">\r\n \t<li class=\"li2\"><span class=\"s1\">Solve counting problems using the Addition Principle and the\u00a0Multiplication Principle.<\/span><\/li>\r\n \t<li class=\"li2\"><span class=\"s1\">Solve counting problems using permutations and combinations \u00a0involving n distinct objects.<\/span><\/li>\r\n \t<li class=\"li2\"><span class=\"s1\">Find the number of subsets of a given set.<\/span><\/li>\r\n \t<li class=\"li2\"><span class=\"s1\">Solve counting problems using permutations involving n non-distinct objects.<\/span><\/li>\r\n \t<li class=\"li2\"><span class=\"s1\">Apply the Binomial Theorem<\/span><\/li>\r\n<\/ul>\r\n<p class=\"p1\"><span class=\"s1\">Probability<\/span><\/p>\r\n\r\n<ul class=\"ul1\">\r\n \t<li class=\"li2\"><span class=\"s1\">Construct probability models.<\/span><\/li>\r\n \t<li class=\"li2\"><span class=\"s1\">Compute probabilities of equally likely outcomes.<\/span><\/li>\r\n \t<li class=\"li2\"><span class=\"s1\">Compute probabilities of the union of two events.<\/span><\/li>\r\n \t<li class=\"li2\"><span class=\"s1\">Use the complement rule to find probabilities.<\/span><\/li>\r\n \t<li class=\"li3\"><span class=\"s4\">Compute probability using counting theory.<\/span><\/li>\r\n<\/ul>\r\n<\/div>\r\n&nbsp;","rendered":"<p>According to the news, the lottery jackpot is climbing by the hour. \u00a0Long lines of dreamers are forming wherever lottery tickets are sold. \u00a0While you don\u2019t usually buy lottery tickets, it is getting tempting. \u00a0Just imagine what you could do with $100 million dollars. \u00a0Perhaps you could retire early or never even go to work. \u00a0Maybe visit a beautiful island. \u00a0All you need to do is pick the correct numbers, and the jackpot is all yours.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-3884 aligncenter\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/896\/2017\/03\/22214133\/lotto-864035_1920-300x298.jpg\" alt=\"Image shows numbered balls as would be used to select the winning numbers of a lottery.\" width=\"300\" height=\"298\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>It sounds easy enough; just six simple numbers. \u00a0But how likely are you to win? \u00a0And could you increase the likelihood of winning by purchasing more lottery tickets?<\/p>\n<p>&nbsp;<\/p>\n<p>To answer these questions, you need to know about permutations and combinations. \u00a0So learn about them as you complete this module, and then we\u2019ll return to the lottery at the end. \u00a0Then you\u2019ll be able to decide whether you want to stand in line to purchase a ticket.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-3886 aligncenter\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/896\/2017\/03\/22214638\/sea-418742_1920-300x225.jpg\" alt=\"Photo shows blue ocean water in an inlet between rock structures.\" width=\"300\" height=\"225\" \/><\/p>\n<p>&nbsp;<\/p>\n<div class=\"textbox learning-objectives\">\n<h3>Learning Objectives<\/h3>\n<p>Counting Principles<\/p>\n<ul class=\"ul1\">\n<li class=\"li2\"><span class=\"s1\">Solve counting problems using the Addition Principle and the\u00a0Multiplication Principle.<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Solve counting problems using permutations and combinations \u00a0involving n distinct objects.<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Find the number of subsets of a given set.<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Solve counting problems using permutations involving n non-distinct objects.<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Apply the Binomial Theorem<\/span><\/li>\n<\/ul>\n<p class=\"p1\"><span class=\"s1\">Probability<\/span><\/p>\n<ul class=\"ul1\">\n<li class=\"li2\"><span class=\"s1\">Construct probability models.<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Compute probabilities of equally likely outcomes.<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Compute probabilities of the union of two events.<\/span><\/li>\n<li class=\"li2\"><span class=\"s1\">Use the complement rule to find probabilities.<\/span><\/li>\n<li class=\"li3\"><span class=\"s4\">Compute probability using counting theory.<\/span><\/li>\n<\/ul>\n<\/div>\n<p>&nbsp;<\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-3825\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Why It Matters: Probability and Counting Principles. <strong>Authored by<\/strong>: Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Shared previously<\/div><ul class=\"citation-list\"><li>Numbered balls for lottery. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"https:\/\/pixabay.com\/en\/lotto-balls-gambling-lottery-864035\/\">https:\/\/pixabay.com\/en\/lotto-balls-gambling-lottery-864035\/<\/a>. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/about\/cc0\">CC0: No Rights Reserved<\/a><\/em><\/li><li>Beach bay. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"https:\/\/pixabay.com\/en\/sea-bay-waterfront-beach-nice-418742\/\">https:\/\/pixabay.com\/en\/sea-bay-waterfront-beach-nice-418742\/<\/a>. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/about\/cc0\">CC0: No Rights Reserved<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":17533,"menu_order":1,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"Why It Matters: Probability and Counting Principles\",\"author\":\"Lumen Learning\",\"organization\":\"\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"},{\"type\":\"cc\",\"description\":\"Numbered balls for lottery\",\"author\":\"\",\"organization\":\"\",\"url\":\"https:\/\/pixabay.com\/en\/lotto-balls-gambling-lottery-864035\/\",\"project\":\"\",\"license\":\"cc0\",\"license_terms\":\"\"},{\"type\":\"cc\",\"description\":\"Beach bay\",\"author\":\"\",\"organization\":\"\",\"url\":\"https:\/\/pixabay.com\/en\/sea-bay-waterfront-beach-nice-418742\/\",\"project\":\"\",\"license\":\"cc0\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"3c94fb2b-2db1-4da8-bb48-c23b3b91c151","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-3825","chapter","type-chapter","status-publish","hentry"],"part":2518,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/ivytech-wmopen-collegealgebra\/wp-json\/pressbooks\/v2\/chapters\/3825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/ivytech-wmopen-collegealgebra\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/ivytech-wmopen-collegealgebra\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/ivytech-wmopen-collegealgebra\/wp-json\/wp\/v2\/users\/17533"}],"version-history":[{"count":7,"href":"https:\/\/courses.lumenlearning.com\/ivytech-wmopen-collegealgebra\/wp-json\/pressbooks\/v2\/chapters\/3825\/revisions"}],"predecessor-version":[{"id":3923,"href":"https:\/\/courses.lumenlearning.com\/ivytech-wmopen-collegealgebra\/wp-json\/pressbooks\/v2\/chapters\/3825\/revisions\/3923"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/ivytech-wmopen-collegealgebra\/wp-json\/pressbooks\/v2\/parts\/2518"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/ivytech-wmopen-collegealgebra\/wp-json\/pressbooks\/v2\/chapters\/3825\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/ivytech-wmopen-collegealgebra\/wp-json\/wp\/v2\/media?parent=3825"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/ivytech-wmopen-collegealgebra\/wp-json\/pressbooks\/v2\/chapter-type?post=3825"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/ivytech-wmopen-collegealgebra\/wp-json\/wp\/v2\/contributor?post=3825"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/ivytech-wmopen-collegealgebra\/wp-json\/wp\/v2\/license?post=3825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}