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Ratio and Probability. Page 60. Ratio. Ratio Example. Probability. Measure of the likelihood that the event will occur at random Expressed using numbers that range from 0 to 1 or 0% to 100% An event that has no chance of happening has a probability of 0 or 0%
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Ratio and Probability Page 60
Probability • Measure of the likelihood that the event will occur at random • Expressed using numbers that range from 0 to 1 or 0% to 100% • An event that • has no chance of happening has a probability of 0 or 0% • is certain to happen has a probability of 1 or 100% • might happen range from 0 to 1 and 0% to 100%
Probability Models Page 219
Systematic List When all possible outcomes of an event has the same probability, probabilities can be calculated by listing all possible outcomes