Abstract
This chapter provides some basic concepts of probability, types of probability, i.e., classical
approach, relative frequency approach, axiomatic approach and subjective approach; rules of counting,
i.e., permutation and combination; laws of probability, i.e., complement law and addition law; conditional
probability, axioms of conditional probability, multiplicative law of probability, dependent and independent events.
Keywords: Mutually exclusive events, Equally likely events, Permutation, Combination, Conditional probability, Dependent and independent events.
Related Books
Advances in Sampling Theory-Ratio Method of Estimation
Advances in Time Series Forecasting
Advances in Time Series Forecasting
Concepts and Recent Advances in Generalized Information Measures and Statistics
Exponential Data Fitting and its Applications
Predictive Analytics Using Statistics and Big Data: Concepts and Modeling
Probability Theory for Fuzzy Quantum Spaces with Statistical Applications
Reliability Calculations with the Stochastic Finite Element
Recent Advances in Lifetime and Reliability Models