PROBABILITY
Some basic concepts in probability theory
Updated May 27, 2026
The idea of randomness is central to the understanding of properties and patterns that may arise by chance.
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PROBABILITY
Probability Problem 1
Updated May 27, 2026
Problem Let’s consider data collected over multiple days, revealing the prevalence of defects in cars. The findings indicate that 20% of the cars exhibit defect...
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PROBABILITY
Multiplication Rule in Probability
Updated May 27, 2026
The multiplication rule in probability is used to find the probability of the intersection of two or more independent events. In other words, it helps...
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PROBABILITY
Poisson Distribution: Mean or Expected Value
Updated May 27, 2026
Derive the Mean or Expected Value of a Poisson Random Distribution
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PROBABILITY
Axioms of Probability
Updated May 27, 2026
In probability theory, axioms are fundamental principles that form the foundation of the mathematical framework for dealing with uncertainty and randomness. The axioms of probability,...
PROBABILITY
Derive the Mean or Expected Value of Random Variable that has Poisson Distribution
Updated May 27, 2026
Derive the Mean or Expected Value of Random Variable that has Poisson Distribution