- the probability of all occurrences is 1
- probability has a value which is greater than or equal to zero
- when occurrences cannot coincide their probabilities can be added
From these axioms, dressed in technical language, the mathematical
properties of probability can be deduced. The concept of probability can be
widely applied. Much of modern life cannot do without it. Risk analysis, sport,
sociology, psychology, engineering design, finance, and so on – the list is
endless. Who’d have thought the gambling problems that kick-started these ideas
in the 17th century would spawn such an enormous discipline? What were the
chances of that?
marcin
(Marcin)
#1