Channel: Math and Science

Category: Education

Tags: probability and statisticsprobability mathprobability examplesprobability theoryprobability meaningprobability of an eventwhat is statisticsprobability rulesnormal distributionwhat is probabilityprobability basicscompound probabilityadding probabilitiesprobability distributionconditional probabilityprobability definitioncalculating probabilityprobability explainedprobability rules explainedeventgaussiansimple probabilitystatistics

Description: View more at MathAndScience.com. In this lesson, we will explore the concept of probability and understand the meaning of probability. The probability of an outcome describes how often an outcome is expected to occur expressed as a fraction or percentage of the total outcomes in the experiment or observation. The uses of probability range from understanding the weather forecast, to games of chance, to understanding scientific studies, advanced math, quantum mechanics, and more. We will discuss the physical meaning of the probability of an event.