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Independence is a fundamental notion in probability theory, as in statistics and the theory of stochastic processes.Two events are independent, statistically independent, or stochastically independent [1] if, informally speaking, the occurrence of one does not affect the probability of occurrence of the other or, equivalently, does not affect the odds.
A tree diagram may represent a series of independent events (such as a set of coin flips) or conditional probabilities (such as drawing cards from a deck, without replacing the cards). [1] Each node on the diagram represents an event and is associated with the probability of that event. The root node represents the certain event and therefore ...
A chart showing a uniform distribution. In probability theory and statistics, a collection of random variables is independent and identically distributed (i.i.d., iid, or IID) if each random variable has the same probability distribution as the others and all are mutually independent. [1]
Probability is the branch of mathematics and statistics concerning events and numerical descriptions of how likely they are to occur. The probability of an event is a number between 0 and 1; the larger the probability, the more likely an event is to occur. [note 1] [1] [2] This number is often expressed as a percentage (%), ranging from 0% to ...
(The conversion to log form is expensive, but is only incurred once.) Multiplication arises from calculating the probability that multiple independent events occur: the probability that all independent events of interest occur is the product of all these events' probabilities. Accuracy.
The probability is sometimes written to distinguish it from other functions and measure P to avoid having to define "P is a probability" and () is short for ({: ()}), where is the event space, is a random variable that is a function of (i.e., it depends upon ), and is some outcome of interest within the domain specified by (say, a particular ...
In probability theory, an event is a subset of outcomes of an experiment (a subset of the sample space) to which a probability is assigned. [1] A single outcome may be an element of many different events, [2] and different events in an experiment are usually not equally likely, since they may include very different groups of outcomes. [3]
The word probability has been used in a variety of ways since it was first applied to the mathematical study of games of chance.Does probability measure the real, physical, tendency of something to occur, or is it a measure of how strongly one believes it will occur, or does it draw on both these elements?