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
Chat with our AI personalities
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.
by determining
=Probability is used in many ways.==For example:==* gambling==*bettting odds==and anywhere in the world!=
how theory of probability used in real life
A "p" is used for probability of success. A "q" is used for probability of failure.
name two area where probability is used