Tuesday, June 12, 2012

What is probability?

Probability- likelihood or chance of an event occurring.

We can determine probability by making a fraction.
favorable outcomes
________________
possible outcomes

eg: flipping a coin   favorable  =       1
                            _______           __
                            possible     =       2

probability can be expressed (said or written) using fractions, ratio and percent.
1
_    =  1:2 = 50%
2

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