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Concept of probabilistic reasoning

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What is the concept of probabilistic reasoning? How do probability statistics help individuals understand societal trends?

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Probabilistic reasoning is the probability of the conjunction of two events needs to be compared with the probability of their occurring as a single event (Chiesi, 2008). In other words to develop a conclusion about something based that it is more probable (more likely than not) then others. When given a set of facts or data, a conclusion (some would say a hypothetical educational guess) is made. A pitfall of this, implies believers' general weakness in probabilistic reasoning stems from a specific deficit relating to the misrepresentation of randomness (Chiesi, 2008).

The same set of facts could be ...

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