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NEED A PARTICIPATION POST !!!! The definition a probability is stated as: A measure of the likelihood that an event in the future will happen;

NEED A PARTICIPATION POST !!!!

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The definition a probability is stated as: A measure of the likelihood that an event in the future will happen; it can only assume a value between 0 and 1, inclusive. Explain the meaning of the 0 and 1. Probability is the branch of mathematics concerning numerical descriptions of how likely an event is to occur or how likely it is that a proposition is true (Khan Academy, 2020, para 3). The probability of an event is a number between 0 and 1, where, roughly speaking, 0 indicates impossibility of the event and 1 indicates certainty. When discussing the value of 0 it shows that the event is non existing but when discussing the value of one it shows that the event is happening (Lind, Marchal, & Wathen, 2018, pg. 132). For example, when looking at the weather reports, when they say it's a 90% chances of rain happening next week that mean it's going to happening but if they report saying it's a 0% chance of rain that mean that it's not going to happen. Another example is with the lottery, when people play the lottery it's a very low chance that they will win because of the probability. References: Khan Academy. (2020). Probability: the basics. Retrieved from https://www.khanacademy.org/math/probability/probab ility-geometry/probability-basics/a/probability-the- basics Lind, D. A., Marchal, W. G., & Wathen, S. A. (2018). Statistical techniques in business & economics. New York, NY: McGraw-Hill Education. Retrieved June 6, 2020, from https://www.gcumedia.com/digital-resources/mcgraw- hill/2018/statistical-techniques-in-business-and- economics_17e.php

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