The concept of a sample space is fundamental to probability theory. It is the set of all possibilities (or possible outcomes) of some uncertain process. For example, the sample space of the process of flipping a coin is a set with … [Continue reading]
If you ever came across Bayes' theorem, chances are you know it's a mathematical theorem. This theorem has a central role in probability theory. It's most commonly associated with using evidence for updating rational beliefs in hypotheses. While … [Continue reading]