What do you mean by probability?

Define probability

probability measure provider decision maker with the means for quantifying and uncertainty's which affect his choice of appropriate action its throughout understanding of the fundamental of probability theory will permit a businessman to deal with uncertainty in varieties situation in such a way that he can ases systematically the risk involved in each alternative and constituently act 2 minimise this today the concept of probability has assumed great importance and its mathematical theory has become the basis for statistical application in this season making result..

 two definition of probability

in terms of relative frequency can be given if an experiment is performed in Times under the same condition and there are D outcomes a and favouring and event than a estimate of the probability of that event is the ratio..

what is conditional probability

conditioner puller ability when we are dealing with probabilities of a subset rather than of the hole set or attention is focused on probability of an event in a substance of the world sad probabilities associated with the event defined on the subject are called conditioner probabilities the conditional probability of a given b is equal to the probability of B is not zero..