1. What is Probablity ?

What is Probability?

Probability can be defined as the ratio of the number of favorable outcomes to the total number of outcomes of an event. For an experiment having ‘n’ number of outcomes, the number of favorable outcomes can be denoted by x. The formula to calculate the probability of an event is as follows.

Probability(Event) = Favorable Outcomes/Total Outcomes = x/n

Let us check a simple application of probability to understand it better. Suppose we have to predict about the happening of rain or not. The answer to this question is either “Yes” or “No”. There is a likelihood to rain or not rain. Here we can apply probability. Probability is used to predict the outcomes for the tossing of coins, rolling of dice, or drawing a card from a pack of playing cards.

The probability is classified into theoretical probability and experimental probability.

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