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Introduction to Probability
Introduction to Probability
Probability is the study of chance, the likelihood that something can happen.
Probability is the study of chance, the likelihood that something can happen.
Insurance
Insurance
Organisations like NTUC Income employ actuarial studies to calculate the risk (probability of an uncertain future adverse events like getting cancer) and help their customers manage the risk through group pooling.
Meteorology
Meteorology
The MSS (Meteorological Service Singapore) studies the weather and climate of Singapore to make predictions of temperature and rainfall as well as other environmental hazards (Eg. Floods, Earthquakes, Haze, etc)
Game Theory
Game Theory
Success Criteria
Success Criteria
At the end of this chapter, students are able to:
At the end of this chapter, students are able to:
- List the sample space of a probability event.
- Calculate the probability of an outcome occuring.
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