LESSON T-1 Understand Likelihood and Probability The probabily of an will occur. The likelihood likelihood of an eve common descriptions are likely or unlikely. A sample space is the set of all possible outcomes. An event is a single outcome or group of outcomes. An outcome is a possible result of an action. Probability can be represented as a fraction, as a decimal, or as a percent. Something is fair if there is an equal chance for each outcome to occur. Practice 1. Antonio rolls the 10 -sided die from the example. What is the probability of rolling a number 10 or less? a number greater than 10 ?. 2. A spinner with 8 equal-sized sections is used for a game. Based on the descriptions below, is the spinner fair? Explain. The probability the pointer will land on yellow is 1 out of 4.The probability the pointer will land on blue is 2 out of 8 . The probabilities that the pointer will land on green or red are both \( 25 \% \). SON 7-2 Understand Theoretical Probability Quick Review Practice
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Bonus Knowledge
Did you know that the concept of probability dates back to the 16th century when mathematicians started analyzing games of chance? Notably, figures like Gerolamo Cardano played dice games and began to formalize the understanding of likelihood, laying the groundwork for modern probability theory! Today, it's used in everything from predicting weather patterns to determining insurance rates. In real life, probability helps inform countless decisions. For instance, businesses use it for market analysis; sports teams analyze player statistics and game strategies based on probabilities. Even weather forecasts rely on probability models to predict the chance of rain or sunshine, guiding everyone from farmers to vacation planners. Understanding these concepts enables better decision-making both personally and professionally!