1 Computing probabilities using Python
This section covers
- What are the basics of probability theory?
- Computing probabilities of a single observation
- Computing probabilities across a range of observations
Few things in life are certain; most things are driven by chance. Whenever we cheer for our favorite sports team, or purchase a lottery ticket, or make an investment in the stock market, we hope for some particular outcome, but that outcome cannot ever be guaranteed. Randomness permeates our day-to-day experiences. Fortunately, that randomness can still be mitigated and controlled. We know that some unpredictable events occur more rarely than others and that certain decisions carry less uncertainty than other much-riskier choices. Driving ...
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