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Expected Value
In probability theory, the expected value (also called expectation, expectancy, mathematical expectation, mean, average, or first moment) is a generalization of the weighted average. Informally, the expected value is the arithmetic mean of a large number of independently selected outcomes of a random variable. The expected value of a random variable with a finite number of outcomes is a weighted average of all possible outcomes. In the case of a continuum of possible outcomes, the expectation is defined by integration. In the axiomatic foundation for probability provided by measure theory, the expectation is given by Lebesgue integration. The expected value of a random variable is often denoted by , , or , with also often stylized as or \mathbb. History The idea of the expected value originated in the middle of the 17th century from the study of the so-called problem of points, which seeks to divide the stakes ''in a fair way'' between two players, who have to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Probability Theory
Probability theory 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. Typically these axioms formalise probability in terms of a probability space, which assigns a measure taking values between 0 and 1, termed the probability measure, to a set of outcomes called the sample space. Any specified subset of the sample space is called an event. Central subjects in probability theory include discrete and continuous random variables, probability distributions, and stochastic processes (which provide mathematical abstractions of non-deterministic or uncertain processes or measured quantities that may either be single occurrences or evolve over time in a random fashion). Although it is not possible to perfectly predict random events, much can be said about their behavior. Two major results in probab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pafnuty Chebyshev
Pafnuty Lvovich Chebyshev ( rus, Пафну́тий Льво́вич Чебышёв, p=pɐfˈnutʲɪj ˈlʲvovʲɪtɕ tɕɪbɨˈʂof) ( – ) was a Russian mathematician and considered to be the founding father of Russian mathematics. Chebyshev is known for his fundamental contributions to the fields of probability, statistics, mechanics, and number theory. A number of important mathematical concepts are named after him, including the Chebyshev inequality (which can be used to prove the weak law of large numbers), the Bertrand–Chebyshev theorem, Chebyshev polynomials, Chebyshev linkage, and Chebyshev bias. Transcription The surname Chebyshev has been transliterated in several different ways, like Tchebichef, Tchebychev, Tchebycheff, Tschebyschev, Tschebyschef, Tschebyscheff, Čebyčev, Čebyšev, Chebysheff, Chebychov, Chebyshov (according to native Russian speakers, this one provides the closest pronunciation in English to the correct pronunciation in old Russian) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Strong Law Of Large Numbers
In probability theory, the law of large numbers (LLN) is a theorem that describes the result of performing the same experiment a large number of times. According to the law, the average of the results obtained from a large number of trials should be close to the expected value and tends to become closer to the expected value as more trials are performed. The LLN is important because it guarantees stable long-term results for the averages of some random events. For example, while a casino may lose money in a single spin of the roulette wheel, its earnings will tend towards a predictable percentage over a large number of spins. Any winning streak by a player will eventually be overcome by the parameters of the game. Importantly, the law applies (as the name indicates) only when a ''large number'' of observations are considered. There is no principle that a small number of observations will coincide with the expected value or that a streak of one value will immediately be "balanced ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Convergent Sequence
As the positive integer n becomes larger and larger, the value n\cdot \sin\left(\tfrac1\right) becomes arbitrarily close to 1. We say that "the limit of the sequence n\cdot \sin\left(\tfrac1\right) equals 1." In mathematics, the limit of a sequence is the value that the terms of a sequence "tend to", and is often denoted using the \lim symbol (e.g., \lim_a_n).Courant (1961), p. 29. If such a limit exists, the sequence is called convergent. A sequence that does not converge is said to be divergent. The limit of a sequence is said to be the fundamental notion on which the whole of mathematical analysis ultimately rests. Limits can be defined in any metric or topological space, but are usually first encountered in the real numbers. History The Greek philosopher Zeno of Elea is famous for formulating paradoxes that involve limiting processes. Leucippus, Democritus, Antiphon, Eudoxus, and Archimedes developed the method of exhaustion, which uses an infinite sequence of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Almost Surely
In probability theory, an event is said to happen almost surely (sometimes abbreviated as a.s.) if it happens with probability 1 (or Lebesgue measure 1). In other words, the set of possible exceptions may be non-empty, but it has probability 0. The concept is analogous to the concept of "almost everywhere" in measure theory. In probability experiments on a finite sample space, there is no difference between ''almost surely'' and ''surely'' (since having a probability of 1 often entails including all the sample points). However, this distinction becomes important when the sample space is an infinite set, because an infinite set can have non-empty subsets of probability 0. Some examples of the use of this concept include the strong and uniform versions of the law of large numbers, and the continuity of the paths of Brownian motion. The terms almost certainly (a.c.) and almost always (a.a.) are also used. Almost never describes the opposite of ''almost surely'': an event that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pip (counting)
Pips are small but easily countable items, such as the dots on dominoes and dice, or the symbols on a playing card that denote its suit and value. Dice On dice, pips are small dots on each face of a common six-sided die. These pips are typically arranged in patterns denoting the numbers one through six. The sum of opposing faces traditionally adds up to seven. Pips are commonly colored black on white or yellow dice, and white on dice of other colors, although colored pips on white/yellow dice are not uncommon; Asian dice often have an enlarged red single pip for the "one" face, while the dice for the game Kismet feature black pips for 1 and 6, red pips for 2 and 5, and green pips for 3 and 4. Dominoes Dominoes use pips that are similar to dice. Each half of a domino tile can have anywhere from no pips all the way up to six or nine pips (depending on countries) arranged in the same manner to dice pips. Regardless of dominoes having up to six or up to nine pips on one half o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Equiprobable
Equiprobability is a property for a collection of events that each have the same probability of occurring. In statistics and probability theory it is applied in the discrete uniform distribution and the equidistribution theorem for rational numbers. If there are n events under consideration, the probability of each occurring is \frac. In philosophy it corresponds to a concept that allows one to assign equal probabilities to outcomes when they are judged to be equipossible or to be "equally likely" in some sense. The best-known formulation of the rule is Laplace's principle of indifference (or ''principle of insufficient reason''), which states that, when "we have no other information than" that exactly N mutually exclusive events can occur, we are justified in assigning each the probability \frac. This subjective assignment of probabilities is especially justified for situations such as rolling dice and lotteries since these experiments carry a symmetry structure, and one's st ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Random Matrix
In probability theory and mathematical physics, a random matrix is a matrix-valued random variable—that is, a matrix in which some or all elements are random variables. Many important properties of physical systems can be represented mathematically as matrix problems. For example, the thermal conductivity of a lattice can be computed from the dynamical matrix of the particle-particle interactions within the lattice. Applications Physics In nuclear physics, random matrices were introduced by Eugene Wigner to model the nuclei of heavy atoms. Wigner postulated that the spacings between the lines in the spectrum of a heavy atom nucleus should resemble the spacings between the eigenvalues of a random matrix, and should depend only on the symmetry class of the underlying evolution. In solid-state physics, random matrices model the behaviour of large disordered Hamiltonians in the mean-field approximation. In quantum chaos, the Bohigas–Giannoni–Schmit (BGS) conjecture asse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Random Vector
In probability, and statistics, a multivariate random variable or random vector is a list of mathematical variables each of whose value is unknown, either because the value has not yet occurred or because there is imperfect knowledge of its value. The individual variables in a random vector are grouped together because they are all part of a single mathematical system — often they represent different properties of an individual statistical unit. For example, while a given person has a specific age, height and weight, the representation of these features of ''an unspecified person'' from within a group would be a random vector. Normally each element of a random vector is a real number. Random vectors are often used as the underlying implementation of various types of aggregate random variables, e.g. a random matrix, random tree, random sequence, stochastic process, etc. More formally, a multivariate random variable is a column vector \mathbf = (X_1,\dots,X_n)^\mathsf (or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Probability Density Function
In probability theory, a probability density function (PDF), or density of a continuous random variable, is a function whose value at any given sample (or point) in the sample space (the set of possible values taken by the random variable) can be interpreted as providing a ''relative likelihood'' that the value of the random variable would be close to that sample. Probability density is the probability per unit length, in other words, while the ''absolute likelihood'' for a continuous random variable to take on any particular value is 0 (since there is an infinite set of possible values to begin with), the value of the PDF at two different samples can be used to infer, in any particular draw of the random variable, how much more likely it is that the random variable would be close to one sample compared to the other sample. In a more precise sense, the PDF is used to specify the probability of the random variable falling ''within a particular range of values'', as opposed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blackboard Bold
Blackboard bold is a typeface style that is often used for certain symbols in mathematical texts, in which certain lines of the symbol (usually vertical or near-vertical lines) are doubled. The symbols usually denote number sets. One way of producing blackboard bold is to double-strike a character with a small offset on a typewriter. Thus, they are also referred to as double struck. In typography, such a font with characters that are not solid is called an "inline", "shaded", or "tooled" font. History Origin In some texts, these symbols are simply shown in bold type. Blackboard bold in fact originated from the attempt to write bold letters on blackboards in a way that clearly differentiated them from non-bold letters (by using the edge rather than the point of a chalk). It then made its way back into print form as a separate style from ordinary bold, possibly starting with the original 1965 edition of Gunning and Rossi's textbook on complex analysis. Use in textbooks In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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