L31 Three fundamental probabilistic inequalities
Channel: Lakshman Mahto
Date: 2022-03-14

In this lecture, we discuss three fundamental probabilistic inequalities namely Markov inequality, Chebyshev inequality and Chernoff inequality in order to find a better bound of right tailed or left tailed probability of a centered random variable. Exponential upper bound of moment generating function of a random variable helps to an exponential upper bound of right tailed or left tailed probability of a random variable.