Probability Theory And Base of Mathematical Statistics

Probability theory arose from the practical needs of the need to predict random events. We will call an event or coincidence a phenomenon that may or may not occur. For economists, probability theory is one of the basic fundamental disciplines because financial activity in a society with a free economy is completely subject to the laws of chance, uncertainty. Already in the XVII century, the theory of probabilities was used in the activities of insurance companies, and today it is used to calculate risky financial transactions, planning of banking activities, macroeconomic planning. The tasks of the economic direction can also include demographic, agricultural, production calculations.