How is probability used in the real world?
Mathematical Probability calculator is all around us. For instance, Batting averages, tell us an estimation of how likely it is that any particular baseball player will get a hit. The numbers are applied to decide who is a better batter & how much baseball player are worth when it comes time to trade them or negotiate a new contract.
Lotteries are based on probability & whoever is running the lottery depends on knowing how many tickets they have to sell & the chances someone will win. They use this to decide how much money to pay out & how much profit they will keep.
Sunspots, Earthquakes & weather are all random appearing processes, but all can be analyzed using probability.
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