A Survey of Probability Concepts Definitions A probability is a measure of the likelihood that an event in the future will happen. It can only assume a value between 0 and…
1. Probability Concepts and Applications 2. Introduction Life is uncertain! We must deal with risk ! Aprobabilityis a numerical statement about the likelihood that an event…
CHAPTER 7 : PROBABILITIES 7.1 Introduction The theory of probability was developed towards the end of the 18th century and its history suggests that it developed with the…