ratio and gambling
Help! I have no clue what profession uses empirical probability. Linda in Nevada
The two primary uses of probability are descriptive and inferential statistics. Descriptive probability involves summarizing and analyzing data to describe its characteristics, while inferential probability uses sample data to make predictions or generalizations about a larger population. Together, these uses help in understanding uncertainty and making informed decisions based on data.
Theoretical probability.
Classical Probability!
The uses of probability could be for the lottery, black jack or, your math homework. Actuaries use probability factors to determine costs and risks. It is an entire science of its own and has a certification process. Insurance companies hire many actuaries to do probability calculations and create mortality tables.
every sector that wants to exploit the ignorant mass, (ab-)uses probability
One Word----VEGAS!
No one! It's pointless in life and will get you nowhere.
False.
For lucratif reasons, i'd say it would be nice if a casino owner, or his staff, knows something about probability.
Not necessarily.
A probability tree.