Best Answer

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

More answers

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.

Q: Where is probability used in the real world?

Write your answer...

Submit

Still have questions?

Continue Learning about Statistics

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

Related questions

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

selling insurance owning a casino

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.

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

name two area where probability is used

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

Yes decimals are used in probability; also percent and odds.

probability

There are many ways quadratic equations are used in the real world. These equations are used to calculate area, speed and profit

popo