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The two uses of probability are what?

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∙ 8y ago

Updated: 10/16/2024

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What is the Uses of 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.

What is the probability of winning two games with the same probability of 0.8?

The probability of winning two games with the same probability of 0.8 can be calculated by multiplying the probability of winning the first game (0.8) by the probability of winning the second game (0.8). Therefore, the probability is 0.8 * 0.8 = 0.64, or 64%.

Who uses probability?

No one! It's pointless in life and will get you nowhere.

What is the probability that they you will get two heads when you toss two coins?

If you toss them enough times, the probability is 1. For just one toss the probability is 1/4.

What are the two types of probability?

Probability is generally split into theoretical and experimental.

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