Abstract
This paper attempts to demystify the concepts underlying the study of probability. It also attempts to simplify the processes that govern the pragmatic use of probability. The paper employs practical examples in order to enable the use of probability in numerous fields, including sports, medicine, engineering, education, business, gambling, weather patterns, etc. At some point or another, we all employ probability without being aware that we are doing so. The conscious recognition that we are using probability makes our choices clearer and our decisions more informed.
Highlights
This paper attempts to demystify the concepts underlying the study of probability
The paper employs practical examples in order to enable the use of probability in numerous fields, including sports, medicine, engineering, education, business, gambling, weather patterns, etc
If P (A) = 1, the event is an absolute certainty, that is, the event will occur, for example, the probability of a person walking in the park
Summary
This paper attempts to demystify the concepts underlying the study of probability. It attempts to simplify the processes that govern the pragmatic use of probability. Likely events have the same theoretical probability of occurring. If the outcomes of an event are likely we can calculate the probability using the formula: Number of successful outcomes Probability of an event = Total number of possible outcomes n(A) P(A) = n(U) Example: A bag contains 1 red, 3 green, 4 yellow, and 2 black marbles. The experimental probability can be calculated based on the number of possible outcomes by the total number of trials.
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
