types of probability

Introduction to Basic Probability #1

In this post we will get an introduction to basic Probability and what it entails. Statistics and Probability are two topics that go hand in hand. We always need to study and understand probability before venturing into statistics. What is Probability? Probability is defined as the likelihood of occurrence of a specified (desired or undesired) event. The most common usage of probability that can be told globally is the chance… Read More »Introduction to Basic Probability #1