Probability Mastery Quiz

The range of probability values is between 0 and 1.

A probability of 0 indicates the impossibility of the event.

A probability of 1 indicates the certainty of the event.

<p>The tossing of a fair (unbiased) coin where 'heads' and 'tails' are both equally probable.</p> Signup and view all the answers

<p>Probability theory is used widely in areas of study such as statistics, mathematics, science, finance, gambling, artificial intelligence, machine learning, computer science.</p> Signup and view all the answers

<p>Probability is the numerical description of how likely an event is to occur, with values ranging from 0 (indicating impossibility) to 1 (indicating certainty).</p> Signup and view all the answers

<p>The tossing of a fair (unbiased) coin, where the probability of 'heads' equals the probability of 'tails', both being 1/2 (or 0.5 or 50%).</p> Signup and view all the answers

<p>The mathematical formalization of probability concepts is called probability theory.</p> Signup and view all the answers

<p>Probability theory is widely used in areas of study such as statistics, mathematics, science, finance, gambling, artificial intelligence, machine learning, and computer science.</p> Signup and view all the answers

<p>The higher the probability of an event, the more likely it is that the event will occur.</p> Signup and view all the answers

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

<p>The numerical range of probability values is between 0 and 1.</p> Signup and view all the answers

<p>A simple example is the tossing of a fair (unbiased) coin, where 'heads' and 'tails' are both equally probable, with a probability of 1/2 (0.5 or 50%).</p> Signup and view all the answers

<p>The mathematical formalization of probability concepts is called probability theory.</p> Signup and view all the answers

<p>Probability theory is widely used in areas of study such as statistics, mathematics, science, finance, gambling, artificial intelligence, machine learning, and computer science.</p> Signup and view all the answers