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{{Short description|Branch of mathematics concerning probability}}
{{Probability fundamentals}}
'''Probability theory''' or '''probability calculus''' is the branch of [[mathematics]] concerned with [[probability]]. Although there are several different [[probability interpretations]], probability theory treats the concept in a rigorous mathematical manner by expressing it through a set of [[axioms of probability|axioms]]. Typically these axioms formalise probability in terms of a [[probability space]], which assigns a [[measure (mathematics)|measure]] taking values between 0 and 1, termed the [[probability measure]], to a set of outcomes called the [[sample space]]. Any specified subset of the sample space is called an [[event (probability theory)|event]].
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