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What is axiomatic approach?
Axiomatic approach to probability is a different way of defining probability of an event. According to this approach, some rules are followed to define probability. If the result of an experiment cannot be predicted with 100% assurance before the experiment is performed, then it is called a random experiment.
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Presentation of axiomatic approach:
Let O be the set of all possible outcomes of such a random experiment. Let us assume P to be a real valued function from power set of O to [0,1]. This P is defined as probability function if it follows the below three axioms:-
- For any event E, P(E) >= 0.
- P(O) = 1.
- If A and B are mutually exclusive events, then P(A U B) = P(A) + P(B)
Most of the theoretical results on probability theory can be obtained using the axiomatic approach to probability. We always ensure that students develop a deep insight in every aspect of axiomatic approach and hence, solve your projects with as much of practical examples as possible through our axiomatic approach Homework Help services.
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