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I can not give you a simple answer. It is very individual and subjective. I will assume that you are referring to probability theory. Statistics is based on an understanding of probability theory. Many professions require basic understanding of statistics. So, in these cases, it is important. Probability theory goes beyond mathematics. It involves logic and reasoning abilities. Marketing and politics have one thing in common, biased statistics. I believe since you are exposed to so many statistics, a basic understanding of this area allows more critical thinking. The book "How to lie with statistics" is a classic and still in print. So, while many people would probably say that probability theory has little importance in their lives, perhaps in some cases if they knew more, it would have more importance.

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16y ago

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Importances of probability in real life?

the importance of probability of our life is wait example: A: he is doing a coin toss now... B:really, ok tell me he is going to get head or tail. A: the probability is 50/50 i dont no. seee you stupid,,,,,,idiot......i am telling those words becuz i dont even really know the ans ;P


What are real life examples of probability?

# of successes = probability or change total


2 examples how the theory of probability is applied in real life situations?

how theory of probability used in real life


What was lengendre contribution to statistics?

Lengendre was the one who introduced the importance of probability to statistics.


What was pierre-simon laplace's contribution to statistics?

he is the one who introduce the importance of probability in statistics


How will probability help me in life?

Probability is everywhere! If you are entering a raffle, wouldn't you like to know what the probability of you winning is? Or perhaps the lottery? If you need to pick a certain color marble out of a bag of marbles to win a prize, wouldn't you like to know the probability of picking the winning color? Probability is everywhere and can help you in life.


What is the Importance of business in your daily life?

importance of business in our daily life


What is meitneriums importance to life?

Meitnerium hasn't any importance for the life.


What is probability in everyday life?

Probability in real life can be said as something that usually happens. No one can predict the future, however; one can determine how likely it is that something will or will not happen.


What is the probability that the life of a single tire will be less than 39200 miles Sampling distribution mean life of 40000 miles with a standard deviation of 4620 miles?

The probability is 0.4312


How is probability used in real life?

=Probability is used in many ways.==For example:==* gambling==*bettting odds==and anywhere in the world!=


What is of paramount importance?

Life is of great importance.

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