Probability is a discipline of Mathematics which specially deals with calculating the chances or likelihood of a particular event’s occurrence which is quantified using a number between 0 and 1. French mathematicians, Blaise Pascal and Pierre de Fermat derived Probability theory which can be applied in Finance, Gambling, Science, Information Technology, Risk Management, Product Designing, Stock market, Biology, Chemistry, Quality Assurance, Engineering, Economics, and Statistics.
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|Applied Probability||Bayes' Rule||Statistical regularity|
|Occupancy and Matching Problems||Inequalities and convergence||Uncertainty|
|Estimation Theory||Stochastic processes and gambling games||Observational error|
|Expectation and Integration||Discrete Markov chains||Relative frequency|
|Transformation of Variables||Conditional probability and expectation||Frequency probability|
|Convergence of Random Variables||Cox's theorem||Maximum likelihood|
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