3-2. Probability Theory (2/23)
{"Image DocumentName": "3-2. Probability Theory (2/23)", "Image ImageDescription": "Probability calculus. - A mathematical theory that enables us to calculate additional probabilities from those we already know. For instance, if we know that. the prob. that it will rain tomorrow is 50%, the prob. that gold price will drop tomorrow is 10%, then the calculus allows us to conclude that the prob. that both will occur tomorrow is 5%. Probability calculus can be used with almost all the interpretations of probability that have been proposed. Much of the superstructure of the theory of decision under risk depends on the probability calculus.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}