Probability

How can we predict the future? Can we measure how likely an event could happen? Weather turns bad or good, Stock market rises or falls, Trump gets elected or not…, these are the events that no one can be certain of. Probability and statistics is a mathematical theory that can help us understand about the randomness of events and use the data from the past to predict the future. In this course we will explore the nature of random events and build up the mathematical models and tools that can be used to calculate the chance of event happening. With a strong foundation we will also consider many real world problems on how to handle and understand data and make meaningful statistical inference. The applications come from many areas such as industrial quality control , market share prediction and even a little bit of Las Vegas gambling.