- #1

quantizedzeus

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**Probability theory...**

It may make on sense but I want to understand probability intuitively...!...can anyone explain...?how should i start...?

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- Thread starter quantizedzeus
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In summary, probability theory is a branch of mathematics that studies the likelihood of events occurring in uncertain situations. It is important to learn because it has applications in various fields such as physics, economics, and statistics, and helps in making informed decisions. Some real-world applications include weather forecasting, stock market prediction, and risk assessment. The key concepts in probability theory include events, sample space, probability, random variables, and probability distributions. To start learning, one can use textbooks, online courses, or tutorials, and it is recommended to have a good understanding of basic mathematical concepts. Practicing problems and applying the concepts to real-world situations can also aid in understanding the subject.

- #1

quantizedzeus

- 24

- 0

It may make on sense but I want to understand probability intuitively...!...can anyone explain...?how should i start...?

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- #2

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Hi quantizedzeus!

We might give a better answer if you asked more specific questions. But I highly recommend the book "Understanding probability" by Henk Tijms. It is one of the best elementary treatises on probability that there is.

- #3

quantizedzeus

- 24

- 0

Yeah...thnx for recommending the book...

Probability theory is a branch of mathematics that studies the likelihood or chance of events occurring. It provides a framework for understanding and quantifying uncertainty in various situations.

Probability theory is essential in many fields such as physics, engineering, economics, and statistics. It helps us make informed decisions by providing a systematic way of analyzing and predicting outcomes in uncertain situations.

Probability theory has numerous applications in our daily lives, such as weather forecasting, predicting stock market trends, risk assessment in insurance, and designing experiments in science. It is also used in games of chance, like gambling and lotteries.

The key concepts in probability theory include events, sample space, probability, random variables, and probability distributions. These concepts are used to calculate the likelihood of events occurring and to make predictions based on data.

There are various resources available to start learning probability theory, such as textbooks, online courses, and tutorials. It is recommended to have a good understanding of basic mathematical concepts like algebra and calculus before diving into probability theory. Practicing problems and applying the concepts to real-world situations can also help in understanding the subject better.

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