The probability formula is used to find the probability of an event. Probability can be defined as the likelihood of an event to happen. It is the chance of pre-deciding the possibility of an event to happen. It can be calculated by probability formula by simply dividing the favorable number of outcomes by a total number of outcomes. The value of the probability of an event to happen can lie between 0 and 1 because the favorable number of outcomes can never cross the total number of outcomes. Also, a favorable number of outcomes cannot be negative. The probability formula along with solved examples is explained below.
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