The document discusses probability theory and its application to random experiments. It defines key terms like sample space, event, simple event, and compound event. The sample space is the set of all possible outcomes of an experiment. Events are subsets of the sample space and can be simple (contain one outcome) or compound (contain multiple outcomes). An example experiment is rolling two dice, where the sample space is the set of all possible (number on die 1, number on die 2) outcomes.