Probability means a quantitative measure of uncertainty and a measure of degree of belief in a problem. For examples
It is very likely to rain today.
I have a fair chance of passing in examination.
Ali will probably win a prize in quiz competition.
Today the Probability theory used to make intelligent decisions in economics, Management, Operation Research, Sociology, Psychology, Astronomy, Physics, Engineering, Genetics where risks and uncertainty are involved to draw a conclusion about the likelihood of events or values.
In Medical field we use probability for example whether a specific disease will spread or not.
In Environmental sciences probability is used in weather forecasting.
In Marketing Probability is used to find whether a specific commodity will take the interest of consumers.
In Biological sciences we guess about the life time of living things. Even in field of computer programming it is used in looping.
Here are given some examples of probability:-
What are the chances that Pakistani Cricket team will win the series?
What is the probability about stability in Electricity prices in next quarter?
It is very likely to rain today.
I have a fair chance of passing in examination.
Ali will probably win a prize in quiz competition.
Today the Probability theory used to make intelligent decisions in economics, Management, Operation Research, Sociology, Psychology, Astronomy, Physics, Engineering, Genetics where risks and uncertainty are involved to draw a conclusion about the likelihood of events or values.
In Medical field we use probability for example whether a specific disease will spread or not.
In Environmental sciences probability is used in weather forecasting.
In Marketing Probability is used to find whether a specific commodity will take the interest of consumers.
In Biological sciences we guess about the life time of living things. Even in field of computer programming it is used in looping.
Here are given some examples of probability:-
What are the chances that Pakistani Cricket team will win the series?
What is the probability about stability in Electricity prices in next quarter?
