**Overview**

This eCourse consists of two modules. Module 1 outlines the fundamentals of probability, and covers the key terminology associated with probability theory. It describes the different types of probability and their calculation, and explains how probability theory facilitates investor decisions.

Module 2 is about random variables, probability distributions, the testing of hypotheses, and confidence levels. Understanding these concepts is essential in the financial world, particularly in option pricing and risk measurement. The tutorial covers the types of random variable and the probability distributions that each follows.

**Objective**

On completion of this course, you will be able to:

- Define the concept of probability

- Identify the different types of probability

- Calculate the expected value of a random variable based on the probability of its possible outcomes, and explain how different risk preferences are combined with expected values to make

investment decisions

- Describe how a random variable is distributed

- Compute the expected value and standard deviation/variance of a random variable

- Test hypotheses about the expected value of a variable

- Evaluate the likelihood of a certain event with a specified probability

**Content Highlight**

Module 1: Distributions

Topic 1: Random Variables & Simple Distributions

Topic 2: Continuous Distribution

Topic 3: Other Continuous Probability Distributions

Topic 4: Hypothesis Testing & Confidence Levels

Module 2: Probability

Topic 1: Principles of Probability

Topic 2: Types of Probability

Topic 3: Expected Value of a Random Variable

**Administrative Details**

Type 2 - Dealing in futures contracts

Type 3 - Leveraged foreign exchange trading

Type 4 - Advising on securities

Type 5 - Advising on futures contracts

...More

**HKD640**

Chinese Securities Association of Hong Kong (HKCSA):

**HKD670**

Non-Member:

**HKD960**

Staff of Corporate Member:

**HKD640**