Probability

Probability

Probability Definition:

The likelihood of something happening or being the case.
Examples include probability of flipping a head, rolling a 6 on a single cube, or being born on a Sunday.

Probability Terms to Know:

Experiment: a repeatable process with a set of possible results
Outcome: A possible result of an experiment
Sample Space: all the possible outcomes of an experiment
Event: one or more outcomes of an experiment
Sophia Al-Mansoor
Author

Sophia Al-Mansoor

Sophia analyzes international trade, startup ecosystems, retail transformation, and supply chain logistics for modern digital publications.