probability theory

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probability theory

The branch of mathematics that studies the likelihood of occurrence of random events in order to predict the behavior of defined systems.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

probabil′ity the`ory

the theory of analyzing and making mathematical statements concerning the probability of the occurrence of uncertain events.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.probability theory - the branch of applied mathematics that deals with probabilities
applied math, applied mathematics - the branches of mathematics that are involved in the study of the physical or biological or sociological world
statistics - a branch of applied mathematics concerned with the collection and interpretation of quantitative data and the use of probability theory to estimate population parameters
binomial theorem - a theorem giving the expansion of a binomial raised to a given power
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
For students and researchers in applied mathematics who are interested in science and engineering, E, Li, and Vanden-Eijnden provide a mathematically solid introduction to the basic ideas and tools in probability theory and stochastic analysis.
Rudolf Taschner surveys the history of games and different approaches, from the evolution of probability theory to word plays and the current model of applying game theory to military strategy and global finance.
By examining the foundations of macroeconometrics, this article demonstrates that all macroeconometric modelling work is based on shaky foundations because the conditions for the probability theory do not hold in time-series modelling.
Jaynes was one of the proponents of the usage of probability theory as an extension of deductive logic.
As cyberthreat analysts, experts rely on the company's machine learning and Bayesian probability theory to protect customers from cyberthreats.
It begins with a brief review of probability theory, which provides an understanding of the core building block of entropy.
The University of Bucharest counted among its Professors some distinguished mathematicians, like Octav Onicescu (Probability Theory), Miron Nicolescu (Mathematical Analysis), Gheorghe Vranceanu (Geometry), Nicolae Theodorescu (Differential Equations), Simion Stoilow (Complex Variables), all of them former students of great mathematicians from France or Italy.
Before the formula, investment decisions were not much different than betting: this details much of the work leading to the equation's discovery, from early science and business pursuits of accountants, chemists and mathematicians working across Europe to thinkers who developed a theory of financial markets and applied probability theory to their operations.
probability theory as a mathematical science similar to mechanics or electrodynamics, and probability itself as an objective measurable concept similar to mass or charge.
This approach, although is analogous to probability theory, can be carried out under weaker assumption and used when limited observational information is available.

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