An event with a 1 in 200,000 chance of occurring is considered relatively rare. Examples of events with similar odds include being struck by lightning (1 in 15,300 chance), being audited by the IRS (1 in 175 chance), or being injured by fireworks (1 in 20,000 chance). These probabilities are calculated based on historical data and statistical analysis.
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Any events occurring after the resolution
No. Not all outcomes are equally probable. Generally, the chance, or probability, of a particular event happening can be calculated.It should be noted that the possibility of some events happening cannot be calculated.
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Yes, it is possible for two dependent events to have the same probability of occurring. The probability of an event is dependent on the outcomes of other events, and it is influenced by the relationship between these events. So, it is conceivable for two dependent events to have equal probabilities.
Multiply the probabilities together. For example, if we are looking at the same event occurring four times that has a 1 in four chance of occurring: 1st event=1/4 2nd event=1/16 3rd event=1/64 4th event=1/256