Probability for Dummies - Paperback

by Deborah J. Rumsey (Author)

Learn how to calculate your chances with easy-to-understand explanations of probability

Probability--the likelihood or chance of an event occurring--is an important branch of mathematics used in business and economics, finance, engineering, physics, and beyond. We see probability at work every day in areas such as weather forecasting, investing, and sports betting. Packed with real-life examples and mathematical problems with thorough explanations, Probability For Dummies helps students, professionals, and the everyday reader learn the basics. Topics include set theory, counting, permutations and combinations, random variables, conditional probability, joint distributions, conditional expectations, and probability modeling. Pass your probability class and play your cards right, with this accessible Dummies guide.

• Understand how probability impacts daily life
• Discover what counting rules are and how to use them
• Practice probability concepts with sample problems and explanations
• Get clear explanations of all the topics in your probability or statistics class

Probability For Dummies is the perfect Dummies guide for college students, amateur and professional gamblers, investors, insurance professionals, and anyone preparing for the actuarial exam.

Back Jacket

Increase your odds of conquering probability

You've got a very, very good chance of becoming a probability wiz, thanks to Probability For Dummies. This easy-to-follow guide teaches you to calculate the likelihood of all kinds of events. Start with the basics and work your way to contingency tables, combinations, and permutations. Learn how to calculate odds in gaming and gambling of all types. Plus, dive into the world of probability modeling. This book can help you boost your grade--or boost your earnings!

Inside...

• Defining probability
• Making sense of counting rules and betting odds
• Using the Central Limit Theorem
• Learning how probability is involved in decision-making
• Working with probability models, from basic to advanced
• Avoiding common mistakes

Author Biography

Deborah J. Rumsey, PhD, is a Professor of Teaching Practice at The Ohio State University. Dr. Rumsey is a Fellow of the American Statistical Association, and the author of several For Dummies titles, including Statistics For Dummies and Statistics Workbook For Dummies.