Probability theory
Probability theory is a branch of mathematics that studies the likelihood and uncertainty of events occurring. It provides a framework for analyzing and quantifying uncertainty in various domains, such as physics, finance, and statistics.
About
It provides a framework for analyzing and quantifying uncertainty in various domains, such as physics, finance, and statistics. Probability theory is based on the concept of probability, which assigns a numerical value between 0 and 1 to an event, indicating its chance of occurring. The field includes various concepts and techniques, such as random variables, probability distributions, and statistical inference, that help in understanding and predicting uncertain outcomes. Probability theory has applications in a wide range of fields and is fundamental to the development of statistical models and decision-making processes.