Probabilities are given a value between 0 (0% chance or will not happen) and 1 (100% chance or will happen). You cannot have a negative percent for something that will not happen or a percent greater than 100 for something that will happen.
150% of 100 = 150.150 greater than 100 = 250
The decimal value will be greater than 1, and the percent will be greater than 100%.
yes they can In terms of probability, one is taken to mean absolute certainty, something that must happen, equivalent to a 100% probability (100 out of 100 is equal to one). Hence, odds cannot be greater than one.
You multiply the probability by 100.
Probabilities are given a value between 0 (0% chance or will not happen) and 1 (100% chance or will happen). You cannot have a negative percent for something that will not happen or a percent greater than 100 for something that will happen.
It is not possible to have a probability greater than 1. All probabilities are between 0 and 1, inclusive.
yes
1
Greater than 100% or smaller than -100%.
150% of 100 = 150.150 greater than 100 = 250
A percent which is greater than 100.
The decimal value will be greater than 1, and the percent will be greater than 100%.
yes they can In terms of probability, one is taken to mean absolute certainty, something that must happen, equivalent to a 100% probability (100 out of 100 is equal to one). Hence, odds cannot be greater than one.
greater
No. Probability is defined as a number between 0 and 1 (100 percent). If you have four oil wells, each with a probability of hitting being 30%, then the probability of at least one hitting is 100% - (100% - 30%)4, or about 76%.
Risk