Web Reference: Explore what probability means and why it's useful. Probability is simply how likely something is to happen. Whenever we’re unsure about the outcome of an event, we can talk about the probabilities of certain outcomes—how likely they are. The analysis of events governed by probability is called statistics. Probability and statistics help to bring logic to a world replete with randomness and uncertainty. This course will give you the tools needed to understand data, science, philosophy, engineering, economics, and finance. This book provides a brief introduction to some common ideas in the study of probability. At the University of Minnesota, this material is included in a course on College Algebra designed to give students the basic skills to take an introductory Statistics course. The material itself is basic, and should be within the grasp of students who have suc...
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