Probability Theory And The Distribution Of Random Variables

INTRODUCTION TO PROBABILITY THEORY The mathematical theory of probability provides the foundation for the interpretations and inferences that can be made from statistical techniques. Probability theory is a broad field of study in itself, and can only be touched on here in order to provide the necessary back- ground for a more complete understanding of statistical analysis. Probability is concerned with the outcome of random events. It had its beginnings in the theory of games of chance which were of great interest to European mathematicians during the last half of the 17th century. The outcome of a random process or experiment is defined as an event. The collection of all mathematical points associated with each event is called the sample space for an experiment. Consider a random experiment having a finite number, n, of possible outcomes, some of which have a characteristic A. What is the probability that A will result from a single