{"id":9470,"date":"2020-12-09T09:53:31","date_gmt":"2020-12-09T04:23:31","guid":{"rendered":"https:\/\/cbselibrary.com\/?p=9470"},"modified":"2020-12-09T14:29:56","modified_gmt":"2020-12-09T08:59:56","slug":"intuitive-idea-probability","status":"publish","type":"post","link":"https:\/\/cbselibrary.com\/intuitive-idea-probability\/","title":{"rendered":"Intuitive Idea of Probability"},"content":{"rendered":"

Intuitive Idea of Probability<\/strong><\/span><\/h2>\n

The theory of probability was developed towards the end of the 18th century and its history suggests that it developed with the study of games and chance, such as rolling a dice, drawing a card, flipping a coin etc. \u2018probability\u2019 thus suggest that there is an uncertainty about the happening of events.<\/p>\n

Probability<\/strong> is the chance that something will happen – how likely it is that some event will\u00a0happen.
\n\"Intuitive
\nSometimes you can measure a probability with a number: \u201c10% chance of rain\u201d, or you can use words such as impossible, unlikely, possible, even chance, likely and certain.<\/p>\n

We use ratios to show how likely, or unlikely, an outcome might be.
\nThis ratio is called the probability.
\n\"Intuitive
\n\"Intuitive<\/p>\n

For example, the probability of getting heads on the toss of a penny is the ratio . Heads is one of two possible outcomes when a penny is tossed.<\/p>\n