“Probability theory provides us with the ways and means to attain the formal and precise expressions for uncertainties involved in different situations”

Probability theory is the branch of mathematics concerned with probability. Although there are several different probability interpretations, probability theory treats the concept in a rigorous mathematical manner by expressing it through a set of axioms. Typically these axioms formalise probability in terms of a probability _____ _____ _________ _______ ___.
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