Chance theory

Chance theory explores how randomness and probability influence outcomes in various situations. It examines the likelihood of events occurring and helps us understand patterns and uncertainties in nature, games, finance, and everyday life. By analyzing statistical data and probabilities, chance theory provides a framework for predicting possible outcomes and understanding the role of randomness in complex systems. It emphasizes that while individual events are unpredictable, their overall behavior can often be described and managed using mathematical principles of probability.