Probability measures how likely an event is to occur. It ranges from 0 (impossible) to 1 (certain).
Formula: P(event) = Number of favorable outcomes / Total number of possible outcomes
| Probability Value | Meaning | Example |
|---|---|---|
| 0 | Impossible | Rolling a 7 on a standard die |
| 0 to 0.5 | Unlikely | Rolling a 1 on a die (1/6) |
| 0.5 | Equally likely | Flipping heads on a coin |
| 0.5 to 1 | Likely | Drawing a red card from a deck |
| 1 | Certain | Sun rising tomorrow |
The sum of probabilities of all possible outcomes always equals 1.