x, 380 pages : 24 cm

"Here, the reader can learn about the world of probability in an informal way. Lotteries and casino games provide a natural source of motivation, and these are carefully discussed with many worked examples to illustrate the key concepts and ideas from probability theory. The emphasis is on why probability works and how it can be applied." "The author introduces the reader to the law of large numbers, betting systems, random walks, the bootstrap, rare events, the central limit theorem, the multivariate normal distribution, the Bayesian approach, generating functions, and more."--Jacket

Includes bibliographical references and index

Probability in Action: -- Probability questions -- The law of large numbers and simulation -- Probabilities in everyday life -- Rare events and lotteries -- Probability and statistics -- Chance trees and Bayes' rule -- Foundations of probability theory: -- Conditional probability and Bayes -- Basic rules for discrete random variables -- Continuous random variables -- Jointly distributed random variables -- Multivariate normal distribution -- Conditional distributions -- Generating functions

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