Probabilities

Probabilities

1. Definition: It is a branch of mathematics that deals with the occurrence of a random event. The value is expressed from zero to one.

   • Experimental Probability: is determined on the basis of the results of an experiment repeated many times.
     • examples in real life: Weather Forecasting. Before planning for an outing or a picnic, we always check the weather forecast. ... Batting Average in Cricket. ... Politics. ... Flipping a coin or Dice. ... Insurance. ... Are we likely to die in an accident?
       • Valeria Barahona
   • Theoretical Probability: that is determined on the basis of reasoning.

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