Weather forecasts, engineering, sales and advertising, etc. It is used very often when risk or potential volume must be determined, such as in size of streets for future development, or buying and selling of goods. Probability also has a large role in quantum physics.
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A "p" is used for probability of success. A "q" is used for probability of failure.
name two area where probability is used
Yes decimals are used in probability; also percent and odds.
=Probability is used in many ways.==For example:==* gambling==*bettting odds==and anywhere in the world!=
Provided that the correct model is used, the theoretical probability is correct. The experimental probability tends towards the theoretical value as the number of trials increases.Provided that the correct model is used, the theoretical probability is correct. The experimental probability tends towards the theoretical value as the number of trials increases.Provided that the correct model is used, the theoretical probability is correct. The experimental probability tends towards the theoretical value as the number of trials increases.Provided that the correct model is used, the theoretical probability is correct. The experimental probability tends towards the theoretical value as the number of trials increases.