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.
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%.
No one! It's pointless in life and will get you nowhere.
If you toss them enough times, the probability is 1. For just one toss the probability is 1/4.
The probability is that the remaining two outcomes are 1 H and 1 T. The probability of that is 2/4 or 50%The probability is that the remaining two outcomes are 1 H and 1 T. The probability of that is 2/4 or 50%The probability is that the remaining two outcomes are 1 H and 1 T. The probability of that is 2/4 or 50%The probability is that the remaining two outcomes are 1 H and 1 T. The probability of that is 2/4 or 50%
Help! I have no clue what profession uses empirical probability. Linda in Nevada
ratio and gambling
Theoretical probability.
name two area where probability is used
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
# Probability is used in business to evaluate financialand decision making risk. # Probability is used to improve business performance.
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%.
One Word----VEGAS!
No one! It's pointless in life and will get you nowhere.
False.