Probability is a fundamental concept in mathematics and statistics that measures the likelihood of an event occurring. It's used in various fields such as finance, engineering, and everyday decision-making.
Key Concepts
Probability Scale: The probability of an event is a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.
Types of Probability:
- Theoretical Probability: Based on mathematical principles and calculations.
- Experimental Probability: Based on actual experiments and observations.
Conditional Probability: The probability of an event A occurring given that event B has already occurred.
Common Probability Problems
- Coin Toss: What is the probability of getting heads or tails?
- Dice Roll: What is the probability of rolling a 6 on a standard six-sided die?
- Card Draw: What is the probability of drawing a specific card from a deck?
Learn More
For a deeper understanding of probability, check out our Probability Tutorials.
Probability Formula