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Question
Why do we use probability?
Why do we use probability?
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Solution
The probability of an event is the ratio of the number of favorable outcomes and the total number of outcomes.
Probability is used in various fields such as:
- Medicine: to examine the risk of health due to a disease.
- Business: to analyze the business profit or loss in future.
- Weather forecast: to know the possibility of rain occurring in the evening.
Therefore, it has huge applications in medicines, business, and other industries.
The probability of an event is the ratio of the number of favorable outcomes and the total number of outcomes.
Probability is used in various fields such as:
- Medicine: to examine the risk of health due to a disease.
- Business: to analyze the business profit or loss in future.
- Weather forecast: to know the possibility of rain occurring in the evening.
Therefore, it has huge applications in medicines, business, and other industries.
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