Category Archives: Probability theory

Poisson Distribution – Introduction

A Poisson distribution is the chance of the amount of events that occur in a specified period. The events occur independently of one another and once the expected number of events is known. The symbol denotes the predicted number of … Continue reading

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What’s the Difference Between Independent Events and Dependent Ones

On our site we explain about Probability Theory by illustrating that the likelihood of an event occurring (say, rolling a four on a dice), is equivalent to the number of ways that that event can occur (in this case, 1), … Continue reading

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Mathematics Supporting the Game

The application of the theory of probability to any circumstance such as picking a lottery ticket or playing a game of chance is actually quite a simple process. ┬áThe reason is that usually a finite sample space can be attached … Continue reading

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