Probability theory is the branch of mathematics that deals with the analysis of random phenomena, quantifying the likelihood of events occurring. It provides the foundational framework for statistics, risk assessment, and decision-making under uncertainty.
Read MoreProbability TheoryBayes' Theorem provides a powerful framework for updating probabilities based on new evidence, forming a cornerstone of statistical inference and decision-making in uncertain environments.
Read MoreProbability: Bayes’ TheoremConditional probability is a key concept in probability theory that describes the likelihood of an event occurring given that another event has already occurred. It is foundational for understanding various types of statistical independence and is widely applied in fields such as finance, insurance, and machine learning.
Read MoreProbability: Conditional Probability