Probability Theory

Alireza Amirteimoori, Biresh K. Sahoo, Vincent Charles, Saber Mehdizadeh

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review


Probability theory is a branch of mathematical science that deals with the mathematical analysis of random events. Probability is commonly used to describe the mind’s attitude to statements that we are not sure of. Statements usually take the form of “Will a particular event occur?” and the attitude of our minds will be of the form “How confident are we that this event will occur?” Our confidence can be described numerically, which is a value between 0 and 1 that we call probability. The more likely to occur an event is, the more confident we are that it will occur. The focus in this chapter is mainly on probability space, random variable, multi-dimensional probability distribution, expected value, variance, and covariance.

Original languageEnglish
Title of host publicationInternational Series in Operations Research and Management Science
Number of pages24
StatePublished - 2022
Externally publishedYes

Publication series

NameInternational Series in Operations Research and Management Science
ISSN (Print)0884-8289
ISSN (Electronic)2214-7934


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