Basic Probability Theory

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Abstract

Probability as a concept has been associated with strong and often diverging opinions amongst experts, particularly within the field of mathematics. The present chapter, comprising Lecture 2, therefore starts out with a short introduction to the different leading interpretations of probability and explains how the Bayesian interpretation of probability may appropriately envelope and accommodate for the other interpretations in the context of engineering decision making. Thereafter, the basic concepts, such as sample space and …
Original languageEnglish
PublisherSpringer
Number of pages11
Publication statusPublished - 2012
Externally publishedYes
SeriesStatistics and Probability Theory

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