Probability
- Probability is the likelihood or a chance of an event occurring.
- Probability is also concluded as the favorable outcome among number of Outcomes.
- Probability is a number between 0 and 1.
- The Probability of something which is certain to happen is 1.
- The Probability of something which is impossible to happen is 0.
Event:
An event is something that takes place.
- The higher the probability of an event, the more likely the event will occur.
- More the number of tosses more the number of heads and the number of tails- and The Outcome comes closer and closer to each other.
- This could also be done with a die, when tossed a large number of times. Number of each of the six outcomes become almost equal to each other.
- The probability of an event is a number describing the chance that the event will happen.
- In such cases, we may say that the different outcomes of the experiment are equally likely.
Probability of an Event:
Equally likely Outcome:
- This means that each of the outcomes has the same chance of occurring.
