Have you ever wondered about the likelihood of an event occurring
Have you ever wondered about the likelihood of an event occurring? Whether it’s the odds of your favorite football team winning on Sunday or how much you pay for car insurance, probability concepts can play a role in making
those determinations.
Respond to the following questions in a minimum of 175 words:
Consider a situation in that you might need to use your understanding of probability to make an informed decision.
What sorts of information would you collect?
How might you use what you have learned about probability to determine a course of action?
What are the possible benefits and limitations of this approach?
Answer preview to have you ever wondered about the likelihood of an event occurring
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