any five situations where we come across the word pesentage
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Examples of Probability Simply Explained
How likely is it to rain today? The probability depends on various factors, such as how often it usually rains in your area and whether rain is in the forecast. Keep reading for more real-life probability examples explained in a simple, easy-to-follow way.
flipping a coin probability example
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What Is Probability?
The term probability refers to the likelihood of an event occurring. You can calculate an event's probability with the following formula:
example of probability using formula
For example, if you wanted to see how likely it would be for a coin to land heads-up, you'd put it into the formula like this:
Number of ways a heads-up can occur: 1
Total number of outcomes: 2 (there are two sides to the coin)
Probability: ½
Mathematical probability is expressed in fractions (½) and percentages (50%). Once you know the probability, you can determine the likelihood of an event, which falls along this range:
certain (probability of 1, the highest possible likelihood)
likely (probability between ½ and 1)
even chance (probability of ½)
unlikely (probability between 0 and ½)
impossible (probability of 0, the lowest possible likelihood)
Probability is used in a number of industries, including healthcare, scientific research and weather forecasting. You may not realize it, but most of the decisions you make every day are based on probability!
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