Probability is a fundamental concept in mathematics and statistics that deals with the likelihood of events occurring. It provides a framework for quantifying uncertainty and making predictions based ...

a priori Probability: the probability that we determine from knowing the process by which the uncertain event happens (by logically examining existing information). Certain Event: event that is sure ...

Bank exams typically feature questions on simple probability, conditional probability, combinations and permutations, events (independent and dependent), Bayes’ theorem, and sometimes more complex ...