What is Probability

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  • May 20, 2014 at 8:01 am #15401
    ahprofessional
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    What is Probability?

    May 20, 2014 at 8:54 am #15407
    Aakanksha
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    Answer: Probability is a measure of the likeliness that an event will occur. Probability theory is applied in everyday life in risk assessment and in trade on financial markets. Governments apply probabilistic methods in environmental regulation, where it is called pathway analysis.

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