Probability Theory explores the mathematical framework for quantifying uncertainty and making informed decisions based on random events.
Probability tells us how likely an event is to happen, and it's always a number between 0 (impossible) and 1 (certain). If every outcome is equally likely, the probability of an event \(A\) is:
\[ P(A) = \frac{\text{Number of outcomes in } A}{\text{Total number of possible outcomes}} \]
We use probability to predict the weather, decide whether to take an umbrella, or figure out the odds of winning a board game!
The chance of rolling a 3 on a six-sided die is 1/6.
The probability of drawing a heart from a standard deck of cards is 13/52 = 1/4.
Probability measures how likely an event is to occur, using straightforward rules and simple math.