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Extract from Wikipedia: "Probability theory is the branch of mathematics concerned with probability, the analysis of random phenomena. The central objects of probability theory are random variables, stochastic processes, and events: mathematical abstractions of non-deterministic events or measured quantities that may either be single occurrences or evolve over time in an apparently random fashion. If an individual coin toss or the roll of dice is considered to be a random event, then if repeated many times the sequence of random events will exhibit certain patterns, which can be studied and predicted. Two representative mathematical results describing such patterns are the law of large numbers and the central limit theorem."
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|Interesting articles about money, investments, finances, economy & business|
|Floating Exchange Rates||Investment Scheme||Stock Exchange||Time value of money|
|Type of exchange rate regime wherein a currency’s value is allowed to fluctuate according to the foreign exchange market.||A collective investment scheme is a way of investing money alongside other investors in order to benefit from the advantages.||A stock exchange is a form of exchange which provides services for stock brokers and traders to trade stocks, bonds, and other securities.||The time value of money is the value of money with a given amount of interest earned or inflation accrued over a given amount of time.|