Conditional probability P(A | B) indicates the probability of event ‘A’ happening given that event B happened.
We can easily understand the above...

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We strongly recommend to refer below post as a per-requisite for this.
Conditional Probability
Bayes’s formula
Below is Bayes’s formula.
The formula ...

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Probability refers to the extent of occurrence of events. When an event occurs like throwing a ball, picking a card from deck, etc ., then the must be some probabili...

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The previous article covered the basics of Probability Distributions and talked about the Uniform Probability Distribution. This article covers the Exponential Probab...

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The previous two articles introduced two Continuous Distributions: Uniform and Exponential. This article covers the Normal Probability Distribution, also a Continuous...

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The previous articles talked about some of the Continuous Probability Distributions. This article covers one of the distributions which are not continuous but discret...

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The previous article covered the Binomial Distribution. This article talks about another Discrete Probability Distribution, the Poisson Distribution.
Introduction &#...

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Prerequisite – Random Variable
In probability theory and statistics, a probability distribution is a mathematical function that can be thought of as providing ...

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Prerequisite – Random variables, Conditional probability
Given n mutually exclusive events A1, A2, …Ak such that their probabilities sum is unity and ...

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A Renewal process is a general case of Poisson Process in which the inter-arrival time of the process or the time between failures does not necessarily follow the exp...

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