Bayes’ Theorem: idea, importance, and how to use it
What is Bayes’ Theorem? Bayes’ Theorem can be interpreted in several ways, but it requires us to introduce more definitions […]
General Probability
General Probability
General Probability
Conditional Probability: Acturary Exam P
Conditional Probability measures the likelihood (probability) of one event given that another event has occurred. It’s useful in many fields,
General Probability
Conditional Probability: idea and how to use it
What is Conditional Probability? Conditional probability measures the likelihood (probability) of one event (A) given that another event (B) has
General Probability
Inclusion-Exclusion Principle: idea and how to use it
What is the Inclusion-Exclusion Principle? The Inclusion-Exclusion Principle may sound fancy but it is nothing more than a counting strategy.
General Probability
Inclusion-Exclusion Principle: Actuary Exam P
The Inclusion-Exclusion Principle is a counting technique in Probability and Combinatorics. The idea is simple, yet it always feels more