From the course: Programming Foundations: Numerical Mathematics and Calculations

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Basic concepts of probability

Basic concepts of probability - Python Tutorial

From the course: Programming Foundations: Numerical Mathematics and Calculations

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Basic concepts of probability

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- [Instructor] Have you ever played a dice board game or flipped a coin? If you have done at least one of those, then you've played with probability. However, probability is all around us. Every time you think about if it's going to be sunny or cloudy tomorrow, you think about probability. Or when you guess if you're going to catch a train while running late. Or for more interesting examples, if you try to predict bond value on a stock market or political election outcome. Or if you work in a software development, as I do, how certain am I that there are no critical bugs in production? Whoa. Let's slow down and get back to the theory. Probability is the chance of something happening. We can also think of it as how strongly we believe an event will happen. Probability is a branch of mathematics that deals with calculating the likelihood of a given event's occurrence, which is expressed as a number between one and…

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