Introduction to Probability View more

Use the laws of probability to make sound decisions with limited information.

Book 7 Lessons
Dumbbell Practice

Course description

Probability is the business of decision making in the face of uncertainty, whether it's forecasting the future or inferring the past. The rules are simple enough, but applying them to realistic problems is usually gated by calculus.

To jump the gap, you'll use a simulation system that lets you apply the rules of probability as you learn them, without cranking through difficult calculations. The skills you'll develop are aimed at modeling real-world scenarios from risk management, to identifying fraud, to finding the right apartment in a hot market.

Topics covered

  • Bayes' Rule
  • Counting
  • Distributions
  • Expectation Value
  • Independence
  • Random Walks
  • Rule of Product
  • Rule of Sum
  • Simulation
  • Waiting Time