Probability Theory
Probability Theory is a branch of mathematics that deals with the study of random phenomena and the likelihood of different outcomes occurring. It involves the analysis of uncertainty and the quantification of events based on their likelihood of occurrence. Probability Theory is used in various fields such as statistics, economics, finance, and science to make predictions, assess risk, and make informed decisions based on the probability of different outcomes. It includes concepts such as probability distributions, random variables, conditional probability, and the law of large numbers.