Saturday, October 18, 2014

Probability Basics

Probability basically means the chance of something happening and ranges from the impossible (0 or 0%) to certain (1 or 100%). In other words, probability is how likely the chances are for an event to occur and probability it always between 0 and 1.

When thinking of a coin, the probability of landing on heads is 1/2 or 50%. Similarly, the chances of landing on 5 when tossing a die is 1 in 6.

Probability = Number of ways it can happen / total number of outcomes

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