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Calculating Probability
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(0:01) What is Probability?: Probability measures how likely an event is to happen, ranging from 0 (impossible) to 1 (certain), or from 0% to 100%.(0:30) Basic Probability Calculation (Formula & Example): Probability of an event = (Number of favourable outcomes) / (Total number of outcomes). For example, if you randomly pick one ball from a set of 10, where 3 are red, the probability of drawing a red ball is 3 out of 10 (3/10), or 30%.(1:39) What is Experimental Probability?: Experimental Probability is an estimated probability based on experiment results. For example, if you draw a ball 100 times and get 37 red balls, the experimental probability of picking red is 37%. This may differ from the true probability (40%), but with more trials, experimental probability gets closer to the true value.
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