Probability is a discipline of Mathematics which specially deals with calculating the chances or likelihood of a particular event’s occurrence which is quantified using a number between 0 and 1. French mathematicians, Blaise Pascal and Pierre de Fermat derived Probability theory which can be applied in Finance, Gambling, Science, Information Technology, Risk Management, Product Designing, Stock market, Biology, Chemistry, Quality Assurance, Engineering, Economics, and Statistics.
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Occupancy and Matching Problems
Inequalities and convergence
Stochastic processes and gambling games
Expectation and Integration
Discrete Markov chains
Transformation of Variables
Conditional probability and expectation
Convergence of Random Variables
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