Probability is the measure of how likely an event is. And an event is one or more outcomes of an experiment. Probability formula is the ratio of number of favorable outcomes to the total number of possible outcomes.
Probability of an Event = Number of Favorable Outcomes / Total Number of Possible Outcomes
Measures the likelihood of an event in the following way:
– If P(A) > P(B) then event A is more likely to occur than event B.
– If P(A) = P(B) then events A and B are equally likely to occur.