Probability Theory

Probability Theory

Probability theory is the branch of mathematics concerned with probability, the analysis of random phenomena. According to this theory a repeated sequence of random events will exhibit certain patterns, which can be studied and predicted. As a mathematical foundation for statistics, probability theory is essential to many human activities that involve quantitative analysis of large sets of data.

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Blossary: Mathematical Terms in English, German and...
Industry/Domain: Mathematics
Category: Analysis
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