Probability is based on observations of certain events. Probability of an event is the ratio of the number of observations of the event to the total numbers of the observations. An experiment is a situation involving chance or probability that leads to results called outcomes. An outcome is the result of a single trial of an experiment. The probability of an event is the measure of the chance that the event will occur as a result of an experiment.
Probability of an event A is symbolized by P(A). Probability of an event A is lies between 0 ≤ P(A) ≤ 1.
Probability Formula
Probability is the measure of how likely an event is. And an event is one or more outcomes of an experiment. Probability formula is the ratio of number of favorable outcomes to the total number of possible outcomes.
Probability Formula
Probability of an Event = Number of Favorable Outcomes / Total Number of Possible Outcomes