Probability theory helps us understand how likely it is that something will happen.
Probability theory is all about figuring out how likely different events are. It's used to predict outcomes in situations where things aren't certain, like guessing whether it will rain tomorrow or how likely you are to win a game. Think of it as a way to measure uncertainty and make informed decisions!
First, we need to understand what an 'event' is. An event is simply something that can happen, like flipping a coin and getting heads. The possible results of an event are called 'outcomes'. So, when you flip a coin, the possible outcomes are heads or tails. 🪙
Probability is calculated by dividing the number of ways a specific event can happen by the total number of possible outcomes. For example, if you want to know the probability of flipping heads, there's only 1 way to get heads, and there are 2 possible outcomes (heads or tails). So, the probability is 1/2, or 50%. ➗
Probabilities are always between 0 and 1. A probability of 0 means the event is impossible (like flipping a coin and getting purple). A probability of 1 means the event is certain to happen (like the sun rising tomorrow). Anything in between represents varying degrees of likelihood. 0️⃣-1️⃣
Some events don't affect each other. These are called independent events. For example, if you flip a coin twice, the result of the first flip doesn't change the probability of getting heads or tails on the second flip. Each flip is a fresh start! 🔄
Other events *do* affect each other. Imagine you have a bag with 5 red balls and 5 blue balls. If you pick a red ball and don't put it back, the probability of picking another red ball changes because there are now fewer red balls in the bag. ⚽️