Almost always, we use probability. Probability is the most important thing that we calculate subconsciously on almost all occasions. read more
Probability and the ability to understand and estimate the likelihood of any different combination of outcomes versus one another are very important in day to day life. There are a number of different types of activities people engage in that involve probability and chance whether they realize it or not. read more
Any possible outcome of a random experiment is called an event. The probability of an event, denoted P(E), is the likelihood of that event occurring. Example: - Performing an experiment is called trial and outcomes are termed as event. read more