What Is the Probability Theory? Define Probability and Expected Value

question 20

Essay

What is the probability theory? Define probability and expected value.How are they related to each other?

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Definitions:

Charles Darwin

A 19th-century naturalist best known for his contributions to the science of evolution, especially his theory of natural selection.

Evolution

The method through which various types of life forms are believed to have evolved and branched out from ancestral species over Earth's history.

Animal Learning

The process by which animals acquire new behaviors or information through experience, which can include conditioning, imitation, and problem-solving.

Human Thought Processes

The mental activities involved in understanding, processing, and conveying information, including perception, memory, judgment, and reasoning.