What is probability?

Probability is the measure of the likelihood of an event occurring. It is expressed as a number between 0 and 1, where 0 indicates that the event is impossible, and 1 means the event is certain to happen. Probability can be used to make predictions, and it is fundamental in many fields such as statistics, gaming, finance, and science. It is a crucial concept for decision making and risk analysis, as it enables individuals to weigh the likelihood of different outcomes and make informed decisions based on the available information. Probability theory was developed by mathematicians in the 17th and 18th centuries, and it has since been used to solve a wide range of problems in various fields.

This mind map was published on 19 April 2023 and has been viewed 67 times.