What is probability?
The likelihood that a particular event will occur is called probability
Probability is a concept in mathematics that deals with the study of uncertainty and randomness. It is a measure of the likelihood or chance that a specific event or outcome will occur, expressed as a numeric value between 0 and 1, where 0 indicates impossibility of occurrence, and 1 indicates certainty of occurrence. The probability of an event is calculated by dividing the number of favorable outcomes by the total number of possible outcomes. It is widely used in forecasting, risk assessment, and decision-making processes in various fields, including mathematics, statistics, economics, engineering, psychology, and social sciences, amongst others.
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