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In probability theory, an event is a set 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]
In probability theory, an elementary event, also called an atomic event or sample point, is an event which contains only a single outcome in the sample space. [1] Using set theory terminology, an elementary event is a singleton. Elementary events and their corresponding outcomes are often written interchangeably for simplicity, as such an event ...
The event that contains all possible outcomes of an experiment is its sample space. A single outcome can be a part of many different events. [4] Typically, when the sample space is finite, any subset of the sample space is an event (that is, all elements of the power set of the sample space are defined as
Despite the newly abstract situation, this definition is extremely similar in nature to the very simplest definition of expected values, given above, as certain weighted averages. This is because, in measure theory, the value of the Lebesgue integral of X is defined via weighted averages of approximations of X which take on finitely many values ...
A probability is a way of assigning every event a value between zero and one, with the requirement that the event made up of all possible results (in our example, the event {1,2,3,4,5,6}) is assigned a value of one. To qualify as a probability, the assignment of values must satisfy the requirement that for any collection of mutually exclusive ...
Probability theory or probability calculus is the branch of mathematics concerned with probability.Although there are several different probability interpretations, probability theory treats the concept in a rigorous mathematical manner by expressing it through a set of axioms.
Beta distribution, for a single probability (real number between 0 and 1); conjugate to the Bernoulli distribution and binomial distribution Gamma distribution , for a non-negative scaling parameter; conjugate to the rate parameter of a Poisson distribution or exponential distribution , the precision (inverse variance ) of a normal distribution ...
Here, an "event" is a set of zero or more outcomes; that is, a subset of the sample space. An event is considered to have "happened" during an experiment when the outcome of the latter is an element of the event. Since the same outcome may be a member of many events, it is possible for many events to have happened given a single outcome.