Probability theorems
There are four important probability theorems for risk analysis. Their meaning and use are discussed in this section:
Strong law of Large Numbers (also called Tchebysheffs inequality 1)
Central Limit Theorem (CLT)
We also offer a number of mathematical techniques useful in risk analysis and referenced elsewhere:
Tchebysheffs Rule (Theorem)
Least Squares Linear Regression
Rank Order Correlation Coefficient
1 After the Russian mathematician Pafnuti Tchebysheff (1821-1894). Other transliterations of his name are Tchebycheff, Chebyshev and Tchebichef.
