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Probability theory is a branch of mathematics that measures the likelihood of events and analyzes uncertainty through concepts like random variables, sample space, and probability distributions. It encompasses four main approaches: theoretical, experimental, subjective, and axiomatic probability, each with distinct methods for calculating probabilities. The theory has various applications in statistics, data science, and real-world scenarios such as risk assessment and decision-making.
- Author
- rashmiranjanswain334
- Language
- EN