The document defines probability as a measure of how likely an event is to occur, expressed as a ratio from 0 to 1. It discusses the basics of probability formulas and the three main types: theoretical, experimental, and axiomatic probability. Theoretical probability uses the ratio of favorable to total outcomes without experiments. Experimental probability is based on conducting actual experiments and recording results. Axiomatic probability sets axioms that apply to all probability types, including Kolmogorov's three axioms that define probability as a positive real number between 0 and 1.