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Discussion on what basic concepts of probability theory is –
Probability theory is one of the branches in mathematics. It is related to any random occurrences of events. It sees the measurements of occurrences that happen in a random manner. It is important for any human activities that have an involvement with analysis that is qualitative and involves a larger set of collected data. Methods of this theory also used for the explanation of complex things that give only a little knowledge of their statistical states.
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