Probability Concepts Quiz

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What is the range of the probability of an event?

Between 0 and 1

In probability theory, what does a probability of 0.5 represent?

Equal likelihood of two outcomes

What is the mathematical formalization of probability concepts called?

Axiomatic probability theory

In probability, what does a probability of 1 indicate?

<p>Certainty of the event</p> Signup and view all the answers

Which branch of mathematics extensively uses probability theory?

<p>Statistics</p> Signup and view all the answers

What is the probability of an event that is impossible?

<p>0</p> Signup and view all the answers

In probability theory, what does a probability of 0.5 represent?

<p>Equal likelihood of two outcomes</p> Signup and view all the answers

What does a probability of 1 indicate in probability theory?

<p>Certainty of the event</p> Signup and view all the answers

What is the range of the probability of an event?

<p>Between 0 and 1</p> Signup and view all the answers

Which branch of mathematics extensively uses probability theory?

<p>Statistics</p> Signup and view all the answers

In probability theory, what does a probability of 0.5 indicate?

<p>The event is equally likely to occur or not occur</p> Signup and view all the answers

What does a probability of 1 indicate in probability theory?

<p>The event is certain to occur</p> Signup and view all the answers

What is the range of the probability of an event?

<p>Between 0 and 1</p> Signup and view all the answers

What does a probability of 0 indicate in probability theory?

<p>The event is impossible to occur</p> Signup and view all the answers

What is the mathematical formalization of probability concepts called?

<p>Probability theory</p> Signup and view all the answers

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