The closer the probability is to 1, the more likely it is to occur and the closer the probability is to 0, the less likely it is to occur.
Probability
This is the likelihood that an event will occur.
- Probability of an event occuring is calculated thus P(event) = event space/sample space.
- The event space is the set of desired outcomes in which the event can occur while the sample space is the set of all possible outcomes.
- Now, the probability P(x) of an event x is in the range 0 ≤ P(x) ≤ 1 where P(x) = 0 implies that the event cannot occur and P(x) = 1 implies that the event will definitely occur.
To draw conclusions about the likelihood that something will occur
- For an event will occur, it value must be close to 1.
- For example, a probability P(x) = 0.38 is less likely to occur than a probability P(x) = 0.78.
So, the closer the probability is to 1, the more likely it is to occur and the closer the probability is to 0, the less likely it is to occur.
Learn more about probability here:
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