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Mathematical Probability Theory

Written by the Fiveable Content Team โ€ข Last updated August 2025
Verified for the 2026 exam
Verified for the 2026 examโ€ขWritten by the Fiveable Content Team โ€ข Last updated August 2025

Definition

Mathematical probability theory is a branch of mathematics that quantifies the likelihood of events occurring based on mathematical calculations. It helps in understanding and predicting the chances of different outcomes happening.

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