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probability |
Also found in: Medical, Legal, Financial, Encyclopedia, Wikipedia | 0.07 sec. |
probabilityLikelihood, or chance, that an event will occur, often expressed as odds, or in mathematics, numerically as a fraction or decimal. In general, the probability that n particular events will happen out of a total of m possible events is n/m. A certainty has a probability of 1; an impossibility has a probability of 0. In tossing a coin, the chance that it will land ‘heads’ is the same as the chance that it will land ‘tails’, that is, 1 to 1 or even; mathematically, this probability is expressed as
To find out the probability of two or more mutually exclusive events occurring, their individual probabilities are added together. So, in the above example, the probability of selecting either a blue marble or a red marble is The probability of two independent events both occurring is smaller than the probability of one such event occurring. For example, the probability of throwing a 3 when rolling a die is Conditional probability is when the outcome of the first event affects the outcome of the second event. For example, if a ball is chosen at random from a bag of 4 blue balls and 5 red balls, and not replaced, the probability of selecting 2 blue balls is: This can be displayed in a tree diagram. Probability theory was developed by the French mathematicians Blaise Pascal and Pierre de Fermat in the 17th century, initially in response to a request to calculate the odds of being dealt various hands at cards. Today probability plays a major part in the mathematics of atomic theory and finds application in insurance and statistical studies. |
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