What Is Probability?
Probability is the mathematical measure of the likelihood that a specific event will occur. It ranges from 0 (impossible event) to 1 (certain event).
The Basic Probability Formula
P(Event) = (Number of Favorable Outcomes) ÷ (Total Number of Possible Outcomes)
Fundamental Probability Rules
- Complement Rule: P(Not A) = 1 − P(A)
- Addition Rule (Mutually Exclusive): P(A or B) = P(A) + P(B)
- Multiplication Rule (Independent Events): P(A and B) = P(A) × P(B)