Probabilities

Probabilities

1. Definition: the quality or state of being probable; the extent to which something is likely to happen or be the case.

   • Aplications in real life: Natural Disasters., Getting Dressed., Winning the Lottery., Buying Insurance., Predicting the Weather.

2. Experimental Probalbility: An event is the relationship between the number of outcomes in which a specific event occurs and the total number of trials, not in a theoretical sample space but in a real experiment.

   • Example: would be to flip a coin 40 times and record whether you get a head or a tail.

3. Theorical Probability: is probability that is determined on the basis of reasoning.

   • Example: A bag contains 10 red marbles, 8 blue marbles and 2 yellow marbles.