Probability: Auxiliary Concepts, Tools, and Results

Herfried Kohl

Chapter 17 in Managing SMEs in Times of Rapid Change, Uncertainty, and Disruption, 2024, pp 423-451 from Springer

Abstract: Key Topics in This Chapter: Mainly Quantitative In this chapter, we present several helpful and indispensable tools for dealing with random variables and their distributions. Especially, we discuss the following: Generating functions. The concept of entropy and the maximum entropy principle (MEP). Inequalities for random variables (Markov, Chebyshev, Cantelli, Jensen, Cauchy-Schwartz) and some of their applications. Limit theorems (central limit theorem, and others). Some results from combinatorics are needed for counting things.

Date: 2024
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DOI: 10.1007/978-3-031-71272-2_17

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