Introduction to Probability
Abstract
This chapter explains the differences between probabilistic statistics and descriptive statistics, showing in which situations the probability theory must be used. The concepts and terminologies related to probabilistic statistics are presented here, as well as their practical application. By using the probability theory, it is possible to predict the occurrence of one or more events. This chapter also shows how combinatorial analysis can be used to calculate probabilities.
Keywords
Probability theory; Events; Conditional probability; Bayes' theorem; Combinatorial analysis
Do you want to sell sugar water for the rest of your life, or do you want to come with me and change the world?
Steve Jobs ...
Get Data Science for Business and Decision Making now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.