What is probability theory?
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Probability is a branch of mathematics that deals with the analysis of random variables, probabilities and probability distributions. It is used to solve problems associated with probabilities and likelihoods that arise in many areas of science and everyday life. It is an important part of statistics, where probabilities are used to describe events and predict future events.