Probability theory, Applied Statistics

Origin and Development of probability Theory:

The credit for origin and development of probability goes to the European gamblers of 17th century. They  used to gamble  on games  of  chance  such as throwing  a dice, tossing  up a coin , horse  race, drawing  cards from a pack of cards etc.  For getting success in above games of chances. They started getting the help of mathematicians. By the deep study and calculations of these mathematicians the theory of probability originated. 

All Italian Mathematician Jerome cardoon(1501-1576)   was the first person to write a book on probability, Games  of chances which was published after his  death in 1663. In  this  book he mentioned all risks involved  and rules how to lessen  those risks  Galileo (1564-1642)  an Italian Mathematician, attempted  quantitative   measures  of probability for solving  the problems related  to the theory of dice in gambling. In  mid 17th century two French mathematicians  Blaise  Pascal (1623-1662)    mce_markernbsp; pierre   de fermat  gave  the systematic and scientific foundation of mathematical  theory  of probability. Swisss mathematician  James Bernoulli (1654-1705)  was another  brave and  strong man who made extensive study of the subject  for 2 decades  and introduced Bernoulli theorem and its theory in his book air conjectandi published in 1713  after his death in major contribution to the modern theory    of probability. In 1718 Abrahm de Moivre  (1667-1754)  published his book The  Doctrine of chances and contributed a lot to this subject.   

In 18th &19th century many mathematicians tried to develop scientific method for the development of different theorems of probability. Thomas Bayes (1702-1761) introduced the concept of inverse probability which is also known as bayes . Theorem Pierre Simon   de Laplace (1749-1827) after an extensive research published his book. Theory of Analytical  probability which constitutes the classical theory  of probability; Ronald fisher and von mises introduced empirical approach probability through an idea of sample  space, In 1926   mathematician frank Ramsey published his work the foundation of mathematics and other logical essays  in  which he introduced the theory  of subjective approach to probability. Which was developed  by Richard good Bernard, Coopman  and Lleonard  sweage. This concept is especially used in statistical decision theory.

The modern theory  of probability  was developed by a number of Russian   mathematicians like  Chebychev (1821-1894)  A  markov (1856-1922)  and A .N Kolmogarov. Kolmogarov axionised   the  theory  of probability  and  he published his work foundations of probability  in 1933  in which he introduced  probability as set function and regarded as a classic. 

Posted Date: 9/27/2012 6:54:16 AM | Location : United States

Related Discussions:- Probability theory, Assignment Help, Ask Question on Probability theory, Get Answer, Expert's Help, Probability theory Discussions

Write discussion on Probability theory
Your posts are moderated
Related Questions
implications of multicollinearity

A salesperson visits from house to house to sell her knives. The probability that she makes a sale at a random house is .3. Given that she makes a sale, the sale is worth $100 with

Poisson Distribution The poisson Distribution  was discovered  by French mathematician simon  denis  poisson. It is a discrete probability distribution. Meaning : In bi

Pneumatic Actuator Design Matrix: The range of actuator design parameters have been provisionally assessed and are presented in Table. You are required to determine the following

Replacement times for CD players are normally distributed with a mean of 7.1 years and standard deviation of 1.4years. Find the probability that a randomly selected CD player will

You are currently working with a supplier who is producing a shaft whose diameter specification is 6.00 ± .003 inches.  Currently, the process is yielding shafts wit

In the early 1990s researchers at The Ohio State University studied consumer ratings of six fast-food restaurants: Borden Burger, Hardee's, Burger King, McDonald's, Wendy's, and Wh

just wondering what would be the cost to complete a stats assignment

The cornlnunalities h j represent the fraction of the total variance' 'accounted for of variabie j. Ry calculating the communalities we can keep track of how much of-the orig