Probability theory in the context of Elementary event


Probability theory in the context of Elementary event

Probability theory Study page number 1 of 8

Play TriviaQuestions Online!

or

Skip to study material about Probability theory in the context of "Elementary event"


⭐ Core Definition: Probability theory

Probability theory or probability calculus is the branch of mathematics concerned with probability. Although there are several different probability interpretations, probability theory treats the concept in a rigorous mathematical manner by expressing it through a set of axioms. Typically these axioms formalise probability in terms of a probability space, which assigns a measure taking values between 0 and 1, termed the probability measure, to a set of outcomes called the sample space. Any specified subset of the sample space is called an event.

Central subjects in probability theory include discrete and continuous random variables, probability distributions, and stochastic processes (which provide mathematical abstractions of non-deterministic or uncertain processes or measured quantities that may either be single occurrences or evolve over time in a random fashion).Although it is not possible to perfectly predict random events, much can be said about their behavior. Two major results in probability theory describing such behaviour are the law of large numbers and the central limit theorem.

↓ Menu
HINT:

In this Dossier

Probability theory in the context of Formal epistemology

Formal epistemology uses formal methods from decision theory, logic, probability theory and computability theory to model and reason about issues of epistemological interest. Work in this area spans several academic fields, including philosophy, computer science, economics, and statistics. The focus of formal epistemology has tended to differ somewhat from that of traditional epistemology, with topics like uncertainty, induction, and belief revision garnering more attention than the analysis of knowledge, skepticism, and issues with justification. Formal epistemology extenuates into formal language theory.

View the full Wikipedia page for Formal epistemology
↑ Return to Menu

Probability theory in the context of Gottfried Leibniz

Gottfried Wilhelm Leibniz (or Leibnitz; 1 July 1646 [O.S. 21 June] – 14 November 1716) was a German polymath active as a mathematician, philosopher, scientist and diplomat who is credited, alongside Isaac Newton, with the creation of calculus in addition to many other branches of mathematics, such as binary arithmetic and statistics. Leibniz has been called the "last universal genius" due to his vast expertise across fields, which became a rarity after his lifetime with the coming of the Industrial Revolution and the spread of specialized labour. He is a prominent figure in both the history of philosophy and the history of mathematics. He wrote works on philosophy, theology, ethics, politics, law, history, philology, games, music, and other studies. Leibniz also made major contributions to physics and technology, and anticipated notions that surfaced much later in probability theory, biology, medicine, geology, psychology, linguistics and computer science.

Leibniz contributed to the field of library science, developing a cataloguing system (at the Herzog August Library in Wolfenbüttel, Germany) that came to serve as a model for many of Europe's largest libraries. His contributions to a wide range of subjects were scattered in various learned journals, in tens of thousands of letters and in unpublished manuscripts. He wrote in several languages, primarily in Latin, French and German.

View the full Wikipedia page for Gottfried Leibniz
↑ Return to Menu

Probability theory in the context of Applied science

Applied science is the application of the scientific method and scientific knowledge to attain practical goals. It includes a broad range of disciplines, such as engineering and medicine. Applied science is often contrasted with basic science, which is focused on advancing scientific theories and laws that explain and predict natural or other phenomena.

There are applied natural sciences, as well as applied formal and social sciences. Applied science examples include genetic epidemiology which applies statistics and probability theory, and applied psychology, including criminology.

View the full Wikipedia page for Applied science
↑ Return to Menu

Probability theory in the context of Independence (probability theory)

Independence is a fundamental notion in probability theory, as in statistics and the theory of stochastic processes. Two events are independent, statistically independent, or stochastically independent if, informally speaking, the occurrence of one does not affect the probability of occurrence of the other or, equivalently, does not affect the odds. Similarly, two random variables are independent if the realization of one does not affect the probability distribution of the other.

When dealing with collections of more than two events, two notions of independence need to be distinguished. The events are called pairwise independent if any two events in the collection are independent of each other, while mutual independence (or collective independence) of events means, informally speaking, that each event is independent of any combination of other events in the collection. A similar notion exists for collections of random variables. Mutual independence implies pairwise independence, but not the other way around. In the standard literature of probability theory, statistics, and stochastic processes, independence without further qualification usually refers to mutual independence.

View the full Wikipedia page for Independence (probability theory)
↑ Return to Menu

Probability theory in the context of Riemann zeta function

The Riemann zeta function or Euler–Riemann zeta function, denoted by the Greek letter ζ (zeta), is a mathematical function of a complex variable defined as for Re(s) > 1, and its analytic continuation elsewhere.

The Riemann zeta function plays a pivotal role in analytic number theory and has applications in physics, probability theory, and applied statistics.

View the full Wikipedia page for Riemann zeta function
↑ Return to Menu

Probability theory in the context of Sample (statistics)

In statistics, quality assurance, and survey methodology, sampling is the selection of a subset or a statistical sample (termed sample for short) of individuals from within a statistical population to estimate characteristics of the whole population. The subset is meant to reflect the whole population, and statisticians attempt to collect samples that are representative of the population. Sampling has lower costs and faster data collection compared to recording data from the entire population (in many cases, collecting the whole population is impossible, like getting sizes of all stars in the universe), and thus, it can provide insights in cases where it is infeasible to measure an entire population.

Each observation measures one or more properties (such as weight, location, colour or mass) of independent objects or individuals. In survey sampling, weights can be applied to the data to adjust for the sample design, particularly in stratified sampling. Results from probability theory and statistical theory are employed to guide the practice. In business and medical research, sampling is widely used for gathering information about a population. Acceptance sampling is used to determine if a production lot of material meets the governing specifications.

View the full Wikipedia page for Sample (statistics)
↑ Return to Menu

Probability theory in the context of Probability distribution

In probability theory and statistics, a probability distribution is a function that gives the probabilities of occurrence of possible events for an experiment. It is a mathematical description of a random phenomenon in terms of its sample space and the probabilities of events (subsets of the sample space).

For instance, if X is used to denote the outcome of a coin toss ("the experiment"), then the probability distribution of X would take the value 0.5 (1 in 2 or 1/2) for X = heads, and 0.5 for X = tails (assuming that the coin is fair). More commonly, probability distributions are used to compare the relative occurrence of many different random values.

View the full Wikipedia page for Probability distribution
↑ Return to Menu

Probability theory in the context of Probability

Probability is a branch of mathematics and statistics concerning events and numerical descriptions of how likely they are to occur. The probability of an event is a number between 0 and 1; the larger the probability, the more likely an event is to occur. This number is often expressed as a percentage (%), ranging from 0% to 100%. A simple example is the tossing of a fair (unbiased) coin. Since the coin is fair, the two outcomes ("heads" and "tails") are both equally probable; the probability of "heads" equals the probability of "tails"; and since no other outcomes are possible, the probability of either "heads" or "tails" is 1/2 (which could also be written as 0.5 or 50%).

These concepts have been given an axiomatic mathematical formalization in probability theory, which is used widely in areas of study such as statistics, mathematics, science, finance, gambling, artificial intelligence, machine learning, computer science, game theory, and philosophy to, for example, draw inferences about the expected frequency of events. Probability theory is also used to describe the underlying mechanics and regularities of complex systems.

View the full Wikipedia page for Probability
↑ Return to Menu

Probability theory in the context of Choice under uncertainty

Decision theory or the theory of rational choice is a branch of probability, economics, and analytic philosophy that uses expected utility and probability to model how individuals would behave rationally under uncertainty. It differs from the cognitive and behavioral sciences in that it is mainly prescriptive and concerned with identifying optimal decisions for a rational agent, rather than describing how people actually make decisions. Despite this, the field is important to the study of real human behavior by social scientists, as it lays the foundations to mathematically model and analyze individuals in fields such as sociology, economics, criminology, cognitive science, moral philosophy and political science.

View the full Wikipedia page for Choice under uncertainty
↑ Return to Menu

Probability theory in the context of Random

In common usage, randomness is the apparent or actual lack of definite patterns or predictability in information. A random sequence of events, symbols or steps often has no order and does not follow an intelligible pattern or combination. Individual random events are, by definition, unpredictable, but if there is a known probability distribution, the frequency of different outcomes over repeated events (or "trials") is predictable. For example, when throwing two dice, the outcome of any particular roll is unpredictable, but a sum of 7 will tend to occur twice as often as 4. In this view, randomness is not haphazardness; it is a measure of uncertainty of an outcome. Randomness applies to concepts of chance, probability, and information entropy.

The fields of mathematics, probability, and statistics use formal definitions of randomness, typically assuming that there is some 'objective' probability distribution. In statistics, a random variable is an assignment of a numerical value to each possible outcome of an event space. This association facilitates the identification and the calculation of probabilities of the events. Random variables can appear in random sequences. A random process is a sequence of random variables whose outcomes do not follow a deterministic pattern, but follow an evolution described by probability distributions. These and other constructs are extremely useful in probability theory and the various applications of randomness.

View the full Wikipedia page for Random
↑ Return to Menu

Probability theory in the context of Measure (mathematics)

In mathematics, the concept of a measure is a generalization and formalization of geometrical measures (length, area, volume) and other common notions, such as magnitude, mass, and probability of events. These seemingly distinct concepts have many similarities and can often be treated together in a single mathematical context. Measures are foundational in probability theory, integration theory, and can be generalized to assume negative values, as with electrical charge. Far-reaching generalizations (such as spectral measures and projection-valued measures) of measure are widely used in quantum physics and physics in general.

The intuition behind this concept dates back to Ancient Greece, when Archimedes tried to calculate the area of a circle. But it was not until the late 19th and early 20th centuries that measure theory became a branch of mathematics. The foundations of modern measure theory were laid in the works of Émile Borel, Henri Lebesgue, Nikolai Luzin, Johann Radon, Constantin Carathéodory, and Maurice Fréchet, among others. According to Thomas W. Hawkins Jr., "It was primarily through the theory of multiple integrals and, in particular the work of Camille Jordan that the importance of the notion of measurability was first recognized."

View the full Wikipedia page for Measure (mathematics)
↑ Return to Menu

Probability theory in the context of Skewness

Skewness in probability theory and statistics is a measure of the asymmetry of the probability distribution of a real-valued random variable about its mean. Similarly to kurtosis, it provides insights into characteristics of a distribution. The skewness value can be positive, zero, negative, or undefined.

For a unimodal distribution (a distribution with a single peak), negative skew commonly indicates that the tail is on the left side of the distribution, and positive skew indicates that the tail is on the right. In cases where one tail is long but the other tail is fat, skewness does not obey a simple rule. For example, a zero value in skewness means that the tails on both sides of the mean balance out overall; this is the case for a symmetric distribution but can also be true for an asymmetric distribution where one tail is long and thin, and the other is short but fat. Thus, the judgement on the symmetry of a given distribution by using only its skewness is risky; the distribution shape must be taken into account.

View the full Wikipedia page for Skewness
↑ Return to Menu

Probability theory in the context of Variance

In probability theory and statistics, variance is the expected value of the squared deviation from the mean of a random variable. The standard deviation (SD) is obtained as the square root of the variance. Variance is a measure of dispersion, meaning it is a measure of how far a set of numbers are spread out from their average value. It is the second central moment of a distribution, and the covariance of the random variable with itself, and it is often represented by , , , , or .

An advantage of variance as a measure of dispersion is that it is more amenable to algebraic manipulation than other measures of dispersion such as the expected absolute deviation; for example, the variance of a sum of uncorrelated random variables is equal to the sum of their variances. A disadvantage of the variance for practical applications is that, unlike the standard deviation, its units differ from the random variable, which is why the standard deviation is more commonly reported as a measure of dispersion once the calculation is finished. Another disadvantage is that the variance is not finite for many distributions.

View the full Wikipedia page for Variance
↑ Return to Menu

Probability theory in the context of Normal distribution

In probability theory and statistics, a normal distribution or Gaussian distribution is a type of continuous probability distribution for a real-valued random variable. The general form of its probability density function is

The parameter is the mean or expectation of the distribution (and also its median and mode), while the parameter is the variance. The standard deviation of the distribution is (sigma). A random variable with a Gaussian distribution is said to be normally distributed and is called a normal deviate.

View the full Wikipedia page for Normal distribution
↑ Return to Menu