What is Probability?

Probability

Probability defines the likelihood of occurrence of an event. There are many real-life situations in which we may have to predict the outcome of an event. We may be sure or not sure of the results of an event. In such cases, we say that there is a probability of this event to occur or not occur. Probability generally has great applications in games, in business to make probability-based predictions, and also probability has extensive applications in this new area of artificial intelligence.

What is Probability?

Probability

Probability can be defined as the ratio of the number of favorable outcomes to the total number of outcomes of an event. For an experiment having 'n' number of outcomes, the number of favorable outcomes can be denoted by x. The formula to calculate the probability of an event is as follows.

Probability(Event) = Favorable Outcomes/Total Outcomes = x/n

1111where,

• P(B) is the probability of an event 'B'.
• n(B) is the number of favorable outcomes of an event 'B'.
• n(S) is the total number of events occurring in a sample space.
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