What is probability and why would one want to find the probability of an event that has not occurred yet

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter9: Counting And Probability
Section: Chapter Questions
Problem 14T: An unbalanced coin is weighted so that the probability of heads is 0.55. The coin is tossed ten...
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What is probability and why would one want to find the probability of an event that has not occurred yet?

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Probability: It is defined as 'how likely an event is to occur or how likely it is that a proportion is true.

In other words, it is said as possibility

0-Indicate impossible event and 1-Indiacate certainty

In order to find the probability of sample we use binomial distribution.

We have to obtain the probability of event that has not occur yet

p=Success and q=1-p=not success or failure or represent not occurred.

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