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Using probability in your profession and real life

Do you use probability in your profession or real life? You most likely do. For example, chance of rain tomorrow is 27%. We hear similar probabilities in the media all the time. Similar probabilities could be found in other professions. Using a search engine, find an example of probability that is used in your chosen profession or real life. Explain the example and be sure to clearly cite the source of the information.

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We can come up with many examples. The above question describes probabilities based on independent events. Here are more for you to consider, aside from the chance of rain example.

There is a 90% chance that a company's stock will increase when they make an announcement that they have innovated a new, hi-tech ...

Solution Summary

Do you use probability in your profession or real life? You most likely do. For example, chance of rain tomorrow is 27%. We hear similar probabilities in the media all the time. Similar probabilities could be found in other professions. Using a search engine, find an example of probability that is used in your chosen profession or real life. Explain the example and be sure to clearly cite the source of the information.

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