Math Concepts

Probability in Real Life

30th Oct '20251 views6 mins read

30 October  2020

Reading Time: 5 Minutes

Introduction

On tossing a coin, the outcome will be either a head or a tail, the result is easily predictable. But what if you toss two coins at the same time? The result can be a combination of head and tail. In the latter case, the correct answer can not be obtained, so only one can predict the possibility of a result. This prediction is known as Probability. Probability is widely used in all sectors in daily life like sports, weather reports, blood samples, predicting the sex of the baby in the womb, congenital disabilities, statics, and many. In this topic, we will learn in detail about probability.


What is probability?

The likelihood of the occurrence of any event can be called Probability.

Application of probability

Some of the applications of probability are predicting the outcome when you:

  • Flipping a coin.
  • Choosing a card from the deck.
  • Throwing a dice.
  • Pulling a green candy from a bag of red candies.
  • Winning a lottery 1 in many millions.

Also read:

What is the importance of probability in maths?


Probability in Mathematics

Al-Khalil, a middle eastern mathematician, wrote the Book of Cryptographic Messages, which demonstrates the first use of permutation and combination to list all the Arabic words with or without vowels. This was the earliest form of probability and statistics.

Probability of a branch of mathematics relating the numerical illustration of how likely an event can exist. The likelihood of any event to occur is a number between 0 and 1, where 0 indicates the impossibility of the event and 1 indicates certainty. 

Probability image

Probability theory is widely used in the area of studies such as statistics, finance, gambling artificial intelligence, machine learning, computer science, game theory, and philosophy.

 Formula to calculate probability

Formula to calculate probability image


Examples of Real Life probability

Weather Planning:

Probability forecast is an assessment of how likely an event can occur in terms of percentage and record the risks associated with weather. Meteorologists around the world use different instruments and tools to predict weather changes. They collect the weather forecast database from around the world to estimate the temperature changes and probable weather condition for a particular hour, day, week and a month.

Example

 

 

if there are 40 % chances of raining then the weather condition is such that 40 out of 100 days it has rained.

Sports Strategies:

In sports, analyses are conducted with the help of probability to understand the strengths and weaknesses of a particular team or player. Analysts use probability and odds to foretell outcomes regarding the team’s performance and members in the sport. Coaches use probability as a tool to determine in what areas his team is strong enough and in which all areas they have to work to attain victory. Trainers even use probability to gauge the capacity of a particular player in his team and when to allow him to play and against whom.

Example 

 

 

A cricket coach evaluates a player batting and bowling capability by taking his average performances in previous matches before placing in the lineup.

Insurance:

insurance companies use the theory of probability or theoretical probability for framing a policy or completing at a premium rate. Theory of probability is a statistical method used to predict the possibility of future outcomes.

Example 

 

 

Issuing health insurance for an alcoholic person is likely more expensive compared to the one issued to a healthy person. Statistical analysis shows high health risks for a regular alcoholic person, ensuring them is a great financial risk given a higher probability of serious illness and hence filing a claim of premium money.

In Games:

Blackjack, poker, gambling, all sports, board games, video games use probability to know how likely a team or person has chances to win.

Example 

 

 

When two dices are rolled simultaneously, the outcomes will be as given below

Dices image

Game Theory:

It is the study of mathematical representation of strategic relations among analytical outcomes. It has applications in social science, logic, system science and computer science. In 1944, John Von Neumann published a paper, "Theory of Games and Economic Behaviour". He proved Brouwer’s fixed point theorem on continuous mapping into compact convex sets, the standard game theory method.

Application of portability in Game theory : 

1.Economics and business: Economists use game theory as a tool to analyse the economic competition and phenomena such as bargaining, voting theory, auction, mechanism design. Executives, investors, and managers in the business world use the    game theory strategy for investments, launching of new products or entering a new business. Game theory models force each player to consider the action made by their competitor and plan the next strategy.
2. In politics: Diplomats and politicians use game theory to analyze any situation of conflict between individuals, companies, state and political parties. It is also used in war strategies, political voting and political affairs.
3. In philosophy: Philosophers use game theory in various aspects of philosophy.
4. In biology: It is applied to the analysis of the abnormal natural phenomenon in biology.


Summary 

Probability plays a vital role in day to day life. In the weather forecast, sports and gaming strategies, buying or selling insurance, online shopping and online games, determining blood groups, and analyzing political strategies.
      
Written by Nethravathi C, Cuemath teacher 


FAQs

What is the definition of probability?

Probability in mathematics can be defined as the number of possible outcomes in an event.

Example 1

 

 

Tossing the coin: A coin has two faces, heads and tails. When it is flipped, the possibility of getting heads as output is ½, and that of getting tails as output is ½.

How to calculate probability?

Probability= number of favourable outcomes/ number of possible outcomes

How is probability used in everyday life?

  1. Weather forecasting 
  2. Calculation of batting average in cricket.
  3. How likely one can win a lottery ticket.
  4. Playing cards 
  5. Voting strategy in politics 
  6. Rolling a dice.
  7. Pulling black socks from a drawer of white socks.
  8. Buying or selling Insurance.

What are the 3 types of probability?

  • Theoretical probability 
  • Experimental probability 
  • Axiomatic probability

What are the 5 rules of probability?

  • Rule 1: For any event, 'A' the probability of possible outcomes is either 0 or 1, where 0 is the event which never occurs, and 1 is the event will certainly occur   

         P(A) = [0 < P(A) < 1]

  • Rule 2: The sum of probabilities of all possible outcomes is 1.

          if S is sample space in the  model then P(S) = 1

  • Rule 3: If A  and B are two mutually exclusive events then

Example using the addition rule image

P (A or B) = P (A∪ B) = P (A) + P (B).

This is the addition rule for disjoint events.

  • Rule 4: The complement of any event A is the event that consists of all the outcomes that are not in A.
  • Rule 5: If both A and B are independent, then the conditional probability that event B occurs given that event A has already occurred.

P ( A and B) = P (A) P (B | A).This is called the General rule of multiplication.

Example finding conditions probabilities image
 


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