Introduction to Sampling In statistics, sampling refers to the process of selecting a subset (sample) from a larger group (population) to make inferences about the population. Sampling allows researchers to gather insights and draw conclusions without having to collect data…
Probability theory is the branch of mathematics that deals with the study of uncertainty, randomness, and the likelihood of different outcomes in various events. It provides a framework for quantifying and reasoning about uncertain events and forms the foundation for…
Limit theorems form the cornerstone of probability theory, explaining how the behavior of random variables changes as the number of observations increases. These concepts have practical applications in fields like statistics, economics, and data science. In this blog, we will…
Exploring Limit Theorems and Convergence of Random Variables In probability theory, limit theorems and the convergence of random variables are foundational concepts that enable us to make sense of the behavior of random processes in the long run. These theorems,…