how to calculate probability
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Calculating probability requires following a simple formula and using multiplication and division to evaluate possible outcomes of events like launching new products, marketing to larger audiences or developing a new lead generation strategy. You can use the following steps to calculate probability, and this can work for many applications that fall under a probability format:
☆Determine a single event with a single outcome
☆Identify the total number of outcomes that can occur
☆Divide the number of events by the number of possible outcomes
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