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To decide whether or not to take an umbrella as you go out, you need to know the probability that it will rain.

To decide whether or not to take an umbrella as you go out, you need to know the probability that it will rain.

To decide whether or not to take an umbrella as you go out, you need to know the probability that it will rain.

To decide whether or not to take an umbrella as you go out, you need to know the probability that it will rain.

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What are the use 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 Uses of probability?

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What are the uses of probability ratio?

With probability ratios the value you get to describe the strength of the relationship when you compare (A given B) to (A given not B) is not the same as what you get when you compare (not A given B) to (not A given not B). This is, IMHO, a big problem. There is no such problem with odds ratios.


Who uses empirical probability?

Help! I have no clue what profession uses empirical probability. Linda in Nevada


Uses of probability?

ratio and gambling


How do you solve a problem using probability?

The answer depends on that the problem is!


What type of probability uses a knowledge of sample spaces as opposed to experiments to determine the numerical probability that an event will occur?

Theoretical probability.


What type of probability is when it uses sample spaces to determine the numerical probalitiy that an event will happen?

Classical Probability!


What are the uses of ratio's?

With probability ratios the value you get to describe the strength of the relationship when you compare (A given B) to (A given not B) is not the same as what you get when you compare (not A given B) to (not A given not B). This is, IMHO, a big problem. There is no such problem with odds ratios.


What type of answer will you get for every probability problem?

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How are experimental probability and theoretical probability related?

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What jobs use probability and how do they use it?

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