Have you ever wondered about the likelihood of an event occurring? Whether it's the odds of your favorite football

team winning on Sunday or how much you pay for car insurance, probability concepts can play a role in making

those determinations.

Respond to the following questions in a minimum of 175 words:

• Consider a situation that you might need to use your understanding of probability to make an informed decision.
• What sorts of information would you collect?
• How might you use what you have learned about probability to determine a course of action?
• What are the possible benefits and limitations of this approach?

The initial response to each DQ, to be substantive, will need to:

• Have 175 or more words (your name, repeating the question, and the reference(s) are not included in the word count. Direct quotes are also not included in the word count).