Jacob Bernoulli, Binomial Distribution, Probability, Central Limit Theorem, Deep Dives.
Oeconomicis” (Civil, Moral and Economic) affairs. Jacob Bernoulli (1655–1705) In Part 4 of Ars Conjectandi, Bernoulli posed the following question: How do you determine the true probability of an event in situations where the sample space isn’t fully accessible? He illustrated his question with a