The wave function Ψ provides information about a quantum mechanical system. It is used to calculate the probability of finding a particle in a particular region of space. For example, if a ball is constrained to move in one dimension within a tube of length L, the wave function Ψ would be constant, with a value determined by the normalization condition. Integrating this wave function over the left or right half of the tube then gives the 50% probability of finding the ball in each half. Operators are used in quantum mechanics to extract measurable properties like position, momentum, or energy from the wave function.