1332.0.55.002  Statistical Language!, 2008
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 27/06/2008 First Issue
Page tools: Print Page Print All RSS Search this Product  
HOW DO YOU CALCULATE PROBABILITY? Example To calculate a probability using a working example, let's look at ‘The Widget Company’. If we put all the employees names into a hat what is the chance that we'll pull out the name of the CEO?
We can see that there are nine employees in total and only one CEO. Therefore, there is a one in nine chance of randomly picking the CEO out of the hat. As we said before we can also express this degree of likelihood as a number between one and zero, in this case 0.11.

Follow us on...
Like us on Facebook Follow us on Twitter Add the ABS on Google+ ABS RSS feed Subscribe to ABS updates