Question

Do you see the concepts of probability used in your workplace or even your home (quick answer - you sure do)? In 175 words, how do you see the concepts of probability being used?

Answer 1

in following cases probability is used

1 . Probability plays an important role in analyzing insurance policies to determine which plans are best ..

2. Athletes and coaches use probability to determine the best sports strategies for games and competitions.  

college football kicker makes 10 out of 20- field goal attempts from the season, he has a 50 percent chance of scoring on his next field goal attempt from that distance. The equation is:

10 / 20 = 0.50 or 50 percent

3.The classical approach to probability often involves coin tossing or rolling dice. It is calculated by listing all of the possible outcomes

For example, if you are tossing a coin, the possible outcomes are either heads or tails.

rolling a die possible outcomes are {1,2,3,4,5,6}

4.Subjective probability is based on a person’s own personal reasoning and judgment..