Binary sample space with Bernoulli distributions
- A customer in a dealer shop either buys a car(1) or doesn’t buy a car(0)
- The sample space is Ω \Omega Ω = {0,1} with events ε \varepsilon ε ={ ϕ \phi ϕ,{0},{1},{0,1}}
- Let q ϵ \epsilon ϵ (0,1) denote the probability that a purchase is made
- Taking the probability vector Pq=(p0,p1)=P(1-q,q)
define a probability P on ε \varepsilon ε
P(A)=p0* Γ \Gamma ΓA(0)+p1 Γ \Gamma Γ1(1)
= { 0 , 1 − q , q , 1 } \{ 0 ,1-q,q,1 \} {0,1−q,q,1}