Probability is the likelihood that an event will occur, which is calculated by dividing the number of favorable outcomes by the total number of possible outcomes. There are three types of probability: theoretical, experimental, and axiomatic. Theoretical probability is defined as the ratio of favorable to possible outcomes and can be demonstrated using examples like selecting letters from a word. Experimental probability is determined by repeated experiments or simulations. Axiomatic probability aims to precisely measure the chance of an event occurring using probability assignments.

2. What is PROBABILITY ???
DEFINITION
Probability is the likelihood that an action will occur and is
calculated by dividing the number of favorable results by
the total number of possible results, we use probability in
daily life to make our decision when we aren't sure about
what the outcome will be.

3. REAL LIFE EXAMPLES

5. TYPES OF PROBABILITY
Theoratical Probability.
Experimental Probability.
Axiomatic Probability.

6. THEORETICAL PROBABILITY
The theoretical probability is defined as the ratio of the number
of favourable outcomes to the number of possible outcomes.

7. THEORETICAL PROBABILITY
EXAMPLE
A letter is selected at random from the word
WATCHING.
a. State the number of possible outcomes?
=8
b. What is the probability of selecting a T?
Pr(T) = 1/8
c. What is the probability of selecting a vowel?
Pr(T) = 2/8
= 1/4

8. EXPERIMENTAL PROBABILITY

9. AXIOMATIC PROBABILITY
 The objective of probability is to assign to each event A a
number P(A), called the probability of the event A, which
will give a precise measure of the chance thtat A will occur.

10. THANK YOU