application of probability in real life pdf
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The idea is to assume a mathematically solid de nition of the model. ) For example, rolling a die can produce six possible results. Aside from the elementary work by Cardano, the doctrine of probabilities dates to the correspondence of Pierre de Fermat and Blaise Pascal (1654). + 3 6 Governments apply probabilistic methods in environmental regulation , entitlement analysis ( reliability theory of aging and longevity ), and financial regulation . 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