Asked • 03/01/18

How would you define Probability in your own words?

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Answered • 03/19/18

Probability is the study of chance behavior, or randomness. It includes rules for deriving probabilities of something occurring under certain circumstances, as well as a more abstract or theoretical exploration of combinatorics.

Asked • 03/01/18

How would you define Probability in your own words?

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Answered • 03/20/18

I will define this concept as the study of chance within the course of Statistics. This concept has to do with learning the odds in favor of something happening. Then, the concepts deals with learning how to choose the probability of obtaining a 3 from a single die (from dice).

Asked • 03/01/18

How would you define Probability in your own words?

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Solomon A. answered • 05/06/18

It is the basis for quantifying uncertainty in everyday phenomena. Once correctly measured, it can be very useful in decision making. It is fundamental to successful application of statistical findings.

Asked • 03/01/18

How would you define Probability in your own words?

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Answered • 03/19/18

Probability is the analytical, theoretical basis of statistical analysis. It examines the likelihood of various outcomes based on specific conditions and situations. It is based on the simple concept that the likelihood of any specific outcome can be evaluated by computing the total number of successful outcomes and dividing it by the total number of all outcomes. It also includes the introduction of probability distributions that can be used to model countless real-world situation. Probability distributions are the basis of analytical prediction and forecasting.