A sample space is the set of possible outcomes of an experiment. A realization or an outcome is an element of a sample space. An event is a subset of a sample space, i.e., a set of realizations. A ...

Information theory is essentially a subarea of probability theory. So in the next couple of sections, we'll learn more about probability. As is our approach in this course, we'll go beyond what is ...

Probability means the possibility of occurring random events. It is a branch of mathematics that deals with the possibility of outcome of the given event with the outcomes relative distributions and ...

Abstract: The field of statistics is often divided into descriptive statistics and inferential statistics. Descriptive statistics concerns collecting and representing facts and interpretations.

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...