Finite Mathematics covers mathematical concepts and techniques applicable to business and social sciences, including matrix algebra, linear programming, and probability.
Probability measures how likely something is to happen. It's the language of uncertainty, helping us make predictions and informed choices.
The probability of an event is calculated as:
\[ P(A) = \frac{\text{Number of ways A can happen}}{\text{Total number of possible outcomes}} \]
Probabilities range from 0 (impossible) to 1 (certain).
Probability is used in games, insurance, weather forecasting, and risk analysis.
Knowing probability helps you understand chance, make better decisions, and avoid being fooled by unlikely events.
Flipping a coin and getting heads has a probability of 0.5.
Predicting the chances of rain tomorrow using weather data.
Probability helps us measure and understand chance.