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DEFINITION
Probability denotes the possibility of the
outcome of any random event. The
meaning of this term is to check the
extent to which any event is likely to
happen
THEORY
Probability theory is the mathematical
framework that allows us to analyze chance
events in a logically sound manner. The
probability of an event is a number indicating
how likely that event will occur. This number
is always between 0 and 1, where 0 indicates
impossibility and 1 indicates certainty.
BASIC PROBABILITY THEORY
There are some very fundamental terms /
concepts related to probability and
statistics that often come across any
literature related to machine learning
and AI.
SOME TERMS RELATED TO PROBABILITY THEORY
Random Experiment
Sample space
Random Variables
Conditional probability
Variance
Probability distribution
Joint Probability Distribution
conditional Probability distribution
Factor