1332.0.55.002 - Statistical Language!, 2008  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 27/06/2008  First Issue
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Contents >> Probability >> What can Probability tell you?

WHAT CAN PROBABILITY TELL YOU?

When an event can be repeated and the results of that event have some underlying pattern then probability can be used to describe that pattern and how often a result could occur. It is expressed as a value between zero and one. When the value is zero, there is no chance the predicted event will occur, when the value is one the event will always occur. As the probability value increases the chance of a predicted event occurring also increases.







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