Skip to content

Grazing the maze of probability

Supplementary materials for section Grazing the maze of probability & A random variable mood in the KSML app: Basic rules of probability: Mutually exclusive events Conditional probability for medical testing in a forestThe conditional probability… 

Bayes theorem in finance of a magical forest

Here, we denote by the event NOT . Example 1: Magical Investment Returns In the magical forest, gnomes invest in enchanted acorns, which sometimes turn into golden trees. A gnome named Glim invests in an… 

Conditional probability

Here, we denote by the event NOT . Example 1: Squirrel Flu Testing In a forest, a group of squirrels is concerned about a new illness called “Squirrel Flu.” It’s more dangerous than the ordinary… 

Permutation

A permutation refers to the arrangement of objects in a specific order. The order of arrangement is important in permutation. A permutation let us know how many different ways a set or number of things… 

Examples of Exponential distribution

The exponential distribution is commonly used to model the time between events in a Poisson process. It is defined by a single parameter, , which is the rate parameter. The probability density function (PDF) of… 

error: Content is protected !!