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Probability is used everywhere: Betting odds. Medical odds, (chance of survival or chance of side effect happening). Anywhere we calculate risks (insurances calculate premiums based on probability). Communication Networks

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15y ago
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10y ago

Many events in the world are not deterministic. There are random factors which affect what happens. In all such cases, probability can play a useful part.

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Q: Where is probability used in the real world?
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Related questions

How is probability used in the real world?

by determining


How is probability used in real life?

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


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What is the real world example of probability?

When you toss a coin and it lands on its edge.


When would one use factorials?

Factorials are a mathematics application used for combinations and permutations. The real world application of factorials are used to find the probability of certain things.


When do you use probability in a real world application?

selling insurance owning a casino


What is expirimental probability?

Experimental probability is what actually happens in the real world. For example, if you played a game 60 times where you flip a coin and heads scores a point, theoretically you should get 30 points, right? Well, experimental probability is the actual results. In fact, your experimental probability for that game could even be 45 points scored in 60 tries. just remember: theoretical=in a perfect math world; experimental=real world results.


What are real life examples of probability?

# of successes = probability or change total


What symbol is used for probability of success in statistics?

A "p" is used for probability of success. A "q" is used for probability of failure.


Name two areas where probability is used?

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a cube because its used in the real world plus its not a polygon


What is E used for in the real world?

E means Electronic in this real world of technology