Australian Bureau of Statistics

Rate the ABS website
ABS Home > Statistics > By Catalogue Number
ABS @ Facebook ABS @ Twitter ABS RSS ABS Email notification service
1332.0.55.002 - Statistical Language!, 2008  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 27/06/2008  First Issue
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product  
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.





Previous PageNext Page


Bookmark and Share. Opens in a new window


Commonwealth of Australia 2014

Unless otherwise noted, content on this website is licensed under a Creative Commons Attribution 2.5 Australia Licence together with any terms, conditions and exclusions as set out in the website Copyright notice. For permission to do anything beyond the scope of this licence and copyright terms contact us.