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Event Probability Calculator

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What is Probability?

Probability measures the likelihood that a possible, but not guaranteed event, will happen.

The probability theory is a branch of mathematics that focuses on the analysis of random events. According to Britannica, the outcome of a random occurrence cannot be predicted before it occurs. However, it may be any one of possible outcomes. The actual outcome is deemed to be determined by chance.

Key Takeaways

  • Probability is the likelihood of an event occurring.
  • The probability of an event can be expressed in a percentage or a fraction.
  • The outcome of a random occurrence cannot be predicted before it occurs.

**Disclaimer:** This financial calculator is provided for illustrative purposes only. The calculations are based on assumptions and estimates, and actual results may vary. The calculator does not constitute financial advice and should not be solely relied upon for making financial decisions. Users are advised to consult with a financial advisor for personalized advice.

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