Chapter 1: Randomness
The concept of randomness is fundamental in probability theory and statistics, but also most controversial. Among the many interpretations of terms like probability, likelihood, etc., we shall consider two in this course: the usual frequency approach (in this chapter) and the Bayesian one (in chapter 6: “Decision problems”). One should actually not speak of a single frequency approach, since there are several variations of it. That most commonly adopted in the textbook literature is to start from the idea of a random experiment and carry out the mathematical formalization as follows.
KeywordsToxicity Manifold Covariance Income Dition
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