In this chapter, you will learn about the fundamentals of discrete probability through looking at examples of sampling from an urn with and without replacement.
In this chapter, you will learn about independence, conditional probability, and the multiplication rule through examples involving draws from an urn, rolls of a die, and sports series wins.
In this chapter, you will learn about the addition rule and the Monty Hall problem.
In this chapter, you will learn about continuous probability through the use of examples involving the distribution of heights and IQ scores.
In this chapter, you will learn about random variables and sampling models exploring an example looking at various aspects of the game of chance American Roulette.
In this chapter, you will learn about the Central Limit Theorem and compare results from Monte Carlo simulations to those obtained using the Central Limit Theorem for games of chance.
In this chapter, you will learn about interest rates and the big short.