Probability is the measure of the likelihood that an event will occur. It is quantified as a number between 0 and 1, with 0 indicating impossibility and 1 indicating certainty. The higher the probability of an event, the more likely it is to occur.
Basic Concepts
- Experiment: An action or process that leads to one or more outcomes.
- Sample Space: The set of all possible outcomes of an experiment.
- Event: A subset of the sample space.
Probability Formula
The probability of an event occurring is given by the formula:
Probability (P) = Number of Favorable Outcomes / Total Number of Outcomes
