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Probability means Chance...in the name itself it explains....
Well, we can tell probability is an exact science only when, the data and logic and external dependent variables are exactly defined before going to calculation...
If we do all the above exactly, the result will give exact chance or probability....for your need..
But in reality it is very hard to obey all the formulations of data in a series...only experts can do...
I am also like to enjoy the real exact probability theory...
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What is the definition of probability in composite risk management?
science
Who defines statistics as the science of estimates and probability?
Bodington
What is a major drawback of probability sampling?
There is always an element of random error and so an exact answer is not possible.
What is probability used in?
gambling is a good use. It is also used in politics and in predictions in science
What are the probabilities of spinning red green yellow and blue if a spinner is divided equally into those four colors?
Assuming you want the probability FOR A SINGLE TRY, and you want the numbers in that exact order, the probability for each part (for instance, first = red; or second = green) is 1/4; therefore, the probability for the combination is (1/4) to the power 4.
