event with more than one outcome
What is a compound event?
An event with more than one outcome is known as a random event or probabilistic event. This means that there are several possible outcomes, and we may not know which outcome will occur until the event takes place.
Examples of events with more than one outcome include flipping a coin, rolling a die, or drawing a card from a deck of cards. In each of these cases, there are multiple possible outcomes, and the probability of each outcome is not necessarily the same.
Probability theory is used to study events with more than one outcome. This allows us to understand the likelihood of each outcome and make predictions based on that knowledge. For example, if we know the probability of flipping heads on a coin is 0.5 and the probability of rolling a 6 on a die is 1/6, we can make predictions about the likelihood of each outcome occurring.
Additionally, understanding events with more than one outcome is important in many fields, including finance, insurance, and gambling. In these areas, it is necessary to know the probability of certain outcomes to make informed decisions.
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