Give me some examples of use of probability in daily life?
Give me some examples of use of probability in daily life?
Weather forecasting: The meteorological department makes use of the concept of probability for their work. However, common people also make use of the concept. You notice for a few days that clouds come up but it does not rain. Next time when you are about to step out, you think it over in your mind and decide there is no need to carry an umbrella.
Sports : To decide what are the chances of winning or losing of a particular team based on their previous record. Similarly, probability is put to use in order to devise the sports strategy also. For instance, by tracking the record of a batsman in cricket, it is decided at what place or rank, he should play.
Typing on smart devices: When we type, the software constantly keeps suggesting words. It does this using probability- depending on which word is how commonly used.Insurance policies: When you get anything insured, you study which insurance policy would be appropriate depending on your usage of the thing and/or what are the chances of damage and what kind of damage is possible. For example- few people opt for fire insurance of their property because they perceive that odds are low, but of lately a lot of people have started getting their expensive smart phones insured because their chances of getting damaged or lost are high.
Weather forecasting: The meteorological department makes use of the concept of probability for their work. However, common people also make use of the concept. You notice for a few days that clouds come up but it does not rain. Next time when you are about to step out, you think it over in your mind and decide there is no need to carry an umbrella.
Sports : To decide what are the chances of winning or losing of a particular team based on their previous record. Similarly, probability is put to use in order to devise the sports strategy also. For instance, by tracking the record of a batsman in cricket, it is decided at what place or rank, he should play.
Typing on smart devices: When we type, the software constantly keeps suggesting words. It does this using probability- depending on which word is how commonly used.Insurance policies: When you get anything insured, you study which insurance policy would be appropriate depending on your usage of the thing and/or what are the chances of damage and what kind of damage is possible. For example- few people opt for fire insurance of their property because they perceive that odds are low, but of lately a lot of people have started getting their expensive smart phones insured because their chances of getting damaged or lost are high.
