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STAT 3620 Probability

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The STAT 3620 Probability course mainly comprises topics, such as, discrete probability space, conditional probability, discrete and continuous random variables, mathematical expectation, joint distribution, special distribution and many more.

Probability determines the probability that an event will occur. In many real lives, we may have to predict the outcome of events. We can be sure or not of the outcome of an event. In this case, we say that this event may or may not occur. Probability generally finds widespread use in games and commerce; it is possible to make predictions based on probabilities, and probability also has a wide range of applications in the emerging field of artificial intelligence.

The probability of an event can be calculated simply by dividing the number of favorable outcomes by the total number of possible outcomes using the probability formula. The probability of an event can range from 0 to 1 because the number of favorable outcomes will never exceed the total number of outcomes. Also, the number of positive results cannot be negative. Let's discuss the basics of probability in detail in the following sections.

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