CS1: Actuarial Statistics | Basic Probability | CA Praveen Patwari | IFoA | IAI

This session introduces basic probability concepts, including sample space, events, and probability laws. It covers Venn diagrams, De Morgan’s Law, equally likely events, mutually exclusive and exhaustive events, and conditional probability. Practice examples and key formulas are also discussed to reinforce understanding..

Timestamp
0:00 About CS1 A
15:00 About CS1 B
18:00 Sample Space
21:40 Events
26:00 Laws Related to Probability
30:06 Understanding Through Venn Diagrams
31:46 De Morgan’s Law
36:00 Practice Example
42:10 Equally Likely Events
44:26 Mutually Exclusive and Exhaustive Events
48:10 Conditional Probability
53:12 Practice Examples
1:07:21 About Cards
1:10:27 Important Formula
1:16:43 Practice Question

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