2006-12-25 18:21:47 · 11 answers · asked by Anonymous in Science & Mathematics ➔ Mathematics
Probability is the mathematics of financial risk-management.
http://www.mste.uiuc.edu/reese/birthday/intro.html - this is the best site for you
You will also find a lot of information in the sources below:
2006-12-25 19:33:24 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Probability in mathematics is that which is used to tell the chances that an event can occur
2006-12-26 01:27:13 · answer #2 · answered by Kiran Kumar 3 · 0⤊ 0⤋
Hi,
Probability is used for modelling situations when the result of an experiment, realized under the same circumstances, produces different results (typically throwing a dice or a coin). Mathematicians and actuaries think of probabilities as numbers in the closed interval from 0 to 1 assigned to "events" whose occurrence or failure to occur is random. Probabilities P(A) are assigned to events A according to the probability axioms.
Check this website for any easy to understand guide on the Probability Theory.
http://math.about.com/gi/dynamic/offsite.htm?zi=1/XJ/Ya&sdn=math&cdn=education&tm=26&gps=173_144_1020_635&f=10&su=p284.21.140.ip_&tt=14&bt=1&bts=1&zu=http%3A//www.peterwebb.co.uk/probability.htm
2006-12-25 18:44:25 · answer #3 · answered by The Storm Chaser 3 · 0⤊ 0⤋
Probability is the likelihood of a certain event occuring.
It is expressed as a fraction, which is basically a ratio of number of satisfying conditions to the total number of possible conditions.
For example, the likelihood of Heads turning up when u flip a coin is 1/2 (i.e. 0.5). Here the number of ways a coin can land Heads up is 1, and the number of ways a coin can land (heads or tails) is 2.
Try Google search with term "probability". There is lots of info available.
2006-12-25 18:35:02 · answer #4 · answered by ravish2006 6 · 0⤊ 0⤋
the first answer is superb. In addition to that;
P= the probabilty that an outcome will happen
Q=the probability that an outcome will not happen.
All probabilities lie between 0 and 1
Therefore, 1-P=Q, 1-Q=P
the probability of rolling 6 on one roll of a die is P=1/6
Therefore, the probability of not rolling a 6 on one roll of a die is
1-1/6 =5/6
gl
2006-12-25 18:40:34 · answer #5 · answered by James O only logical answer D 4 · 0⤊ 0⤋
Probability is the 'long-run relative frequency.' If you were to repeat a situation many times, the probability is the proportion of times the successful event would occur.
2006-12-26 01:47:06 · answer #6 · answered by MathGuy 3 · 0⤊ 0⤋
probability - No.of favourable chances / No.of total chances .
like if we have total 10 balls out of which 5 are blue , 4 are black and 1 is red
so probability of getting a blue ball is - 5/10 = 1/2
i hope its clear to u .
2006-12-25 23:32:46 · answer #7 · answered by iluvirfan 1 · 0⤊ 0⤋
Probability is basically the chance that a certain event or set of events will or will not happen.
2006-12-25 18:25:48 · answer #8 · answered by Anonymous · 1⤊ 0⤋
the respond is a million/11 considering which you first could desire to characteristic up each and every of the pens it quite is 11 pens total interior the drawer. the 1st pen you get is blue so its 5/11 and you multiply it via 2/10 its 10 considering which you asume sucess so theres a million much less pen it quite is interior the drawer considering which you bumped off a blue pen. as quickly as you multply them at the same time and shrink you get a million/11.
2016-11-23 17:29:23 · answer #9 · answered by helmkamp 4 · 0⤊ 0⤋
log on to mathworld.wolfram.com else go to wikipedia.com and type probability in the search menu you will get your answer
2006-12-26 05:30:02 · answer #10 · answered by mundane gal 2 · 0⤊ 0⤋