Statistics for Maintenance Modelling: Basic Probability Concepts

# Objectives¤

By the end of this session you will understand:

- the key ideas and concepts of probability
- how Venn diagrams are used to represent the ideas of probability
- what conditional probability is
- how Bayes' theorem is used to predict the probability of a certain outcome
- what random variables are
- the concept of probability distributions and how to make use of them
- what expectation and variance are and how to calculate them
- the usefulness of the histogram.