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| Introduction |
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| In our day to day life, we come across many uncertainty of events. We wake up in the morning and check the weather report. The statement could be 'there is 60% chance of rain today'. This statement infers that the chance of rain is more than that having a dry weather. We decide upon our breakfast from a statement that "corn flakes might reduce cholesterol". What is the chance of getting a flat tyre on the way to an important apartment? And so on. |
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| How probable an event is? We generally infer by repeated observation of such events in long term patterns. |
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| Probability is the branch of mathematics devoted to the study of such events. |
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| People have always been interested in games of chance and gambling. The existence of games such as dice is evident since 3000 BC. But such games were not treated mathematically till fifteenth century. During this period, the calculation and theory of probability originated in Italy. Later in the seventeenth century, French contributed to this Literature of study. The foundation of modern probability theory is credited to the Russian mathematician, Kolmogorov. In 1993, he proposed the axioms, at which the present subject of probability is based. |
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