Let us discuss the basics of probability in detail in the following sections. Also, the favorable number of outcomes cannot be negative. The value of the probability of an event happening can lie between 0 and 1 because the favourable number of outcomes can never be more than the total number of outcomes. The probability of an event can be calculated by the probability formula by simply dividing the favourable number of outcomes by the total number of possible outcomes. Probability generally has great applications in games, in business to make predictions, and also it has extensive applications in this new area of artificial intelligence. In such cases, we say that there is a probability of this event to occur or not occur. We may be sure or not sure of the results of an event.
There are many real-life situations in which we may have to predict the outcome of an event. Probability defines the likelihood of occurrence of an event.
