question archive 1)How does probability relate to your every day life, your community or your career? 2
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1)How does probability relate to your every day life, your community or your career? 2.What is an example of an instance in life that you would use probability to help make a decision? 3. What is the variable that you estimated and how did the probability impact your decision?
1. Probability is the mathematical term for the likelihood of some occurrence, such as drawing an ace from a deck of cards or picking a green piece of candy from a bag of assorted colors. You use probability in daily life to make decisions when you don't know for sure what the outcome will be. Most of the time, you won't perform actual probability problems, but you'll use subjective probability to make judgment calls and determine the best course of action. Using probability, you can make the best decision, that would be beneficial for your community. You can even choose the best option for your career choice by probability.
2. Mostly every day you use probability to plan around the weather. Meteorologists can't predict exactly what the weather will be, so they use tools and instruments to determine the likelihood that it will rain, snow or hail. For instance, if there's a 60-percent chance of rain, then the weather conditions are such that 60 out of 100 days with similar conditions, it has rained. You may decide to wear closed-toed shoes rather than sandals or take an umbrella to work. Meteorologists also examine historical data bases to guesstimate high and low temperatures and probable weather patterns for that day or week.
3. Probability helps choose the best option for my career. If I take a 20 career choices with A,B,C,D as the options to be chosen, and you guess all "A", then you can expect to get 25% right (5 out of 20). The math behind this kind of expected value is:
The probability (P) of getting an option right if you guess: .25
The number of options on the career (n)*: 20
P x n = .25 x 20 = 5
This type of expected value is called an expected value.
Step-by-step explanation
Probabilities can be used to assess risk, both in the sense of insurance and in the chances of events occurring. Probability can also be used to evaluate endangered species and the likelihood of extinction. Forecasting weather also utilizes probabilities. Probabilities can be represented verbally, with numbers, with tables or graphs, charts or models and in algebraic sentences. Understanding probabilities has many uses in understanding the likelihood of all kinds of events.