Importance of probability

 

Mohd Qasim

Importance of probability

To understand efficient precautions, you first need to understand the idea of an expected

benefit.  This is not difficult since we actually use this idea all the time in our daily

lives.  Consider this example. You want two incompatible things:  you want to

go to law school in the Fall, and you also want to retire to the woods in the Fall and write your first novel and have it be a great success.  You

want to be a successful novelist much more than you want to graduate from law

school.  Your only problem is that you know you really have no literary talent at all, and that it is very unlikely that you would succeed in writing a successful novel; on the other hand, you have all the skills necessary to do well in law school,

and it is highly likely that you will not only graduate, but graduate with honors.  To make a

rational decision about whether to go to law school or try to write the novel, you would

USES OF PROBABLITY IN DAILY LIFE

WHILE CROSSING

ROAD

PROBABLITY TO PLAY POKER

EATING FOOD WITH HANDS

PROBABLITY OF ROLLING DICE ,GETTING HEADS OR TAILS AND SUN RISE AND SUN SET

USES OF PROBABLITY BY TARUN TALREJA AND MOHAMMED QASIM