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Publication Year: 2018

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In our day to day life, we are more familiar with the word ‘chance’ as compared to the word ‘probability’. The chance of occurrence of a particular event is what you study in probability.

This guide starts with the basic fundamentals of the probability concept, along with examples.

Topics Covered

  1. Probability – an experimental approach
  2. Empirical probability
  3. Probability – a theoretical approach
  4. Random experiment
  5. Event and types of event
  6. Algebra of event
  7. Axiomatic approach to probability
  8. Conditional probability
  9. Multiplication theorem on probability
  10. Independent events
  11. Total probability theorem
  12. Bayes’ theorem
  13. Random variable and its probability distribution
  14. Mean and variance of random variable
  15. Bernoulli trials and Binomial distribution