Basic concepts of probability theory
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Date
2001
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Research, Information and Publication Department
Abstract
This book is organized into four parts which are logically and systematically presented. Part one, sets the fundamental aspects of probability theory in which apart from introducing the reader to the basic vocabulary of the subject, it also answers three fundamental questions for learning probability theory. These are: What basic outcomes are possible; How many such possibilities exist and what basic outcome is likely to happen, for a given random experiment or phenomenon. The algebra of probability is discussed in part two, while part three focuses on building probability models based on simple statistical random experiments. The last part deals with the application of probability theory in decision making. Moreover there are problems at the end of each chapter which the reader can test the understanding of the material covered. Besides, each chapter begins with a clear statement about the silent features of the issues discussed in it. This is meant to guide the reader to have a sense of direction while reading the chapter.
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Keywords
Counting principles, probability rules, Probability, Gambling, Probability distribution, Decision making, Bayes rule, Probability models, Random variables
Citation
APA