Conditional Probability Explained
Conditional Probability Explained Have you ever wondered what the likelihood of getting your dream job or winning the lottery is? At first glance, the idea seems completely out of reach, because these instances are influenced by many different factors. This is where probability comes in. While it may not help you win the lottery, it helps you calculate the odds for a variety of different scenarios – in fact, you’ve probably used it multiple times just today. In less casual terms, probability is used by many industry professionals for its ability to resolve complex real-world problems in a more quantifiable way. Whether it’s through the different types of distribution , expected values, or mathematical modeling methods like the Monte Carlo simulation, mastering this theory will help you make a giant leap towards a successful data science career . In this tutorial, we will introduce you to the key concept of conditional probability and how it applies to real-life i...