Probability

Definition

Probability refers to the likelihood of an event occurring. It quantifies uncertainty by assigning numerical values between 0 (impossible) and 1 (certain) to events or outcomes.

Related terms

Sample Space: The set of all possible outcomes in an experiment.

Event:

A specific outcome or group of outcomes within the sample space.

Independent Events: Events that are not influenced by each other; the occurrence of one does not affect the probability of the other happening.