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Q.

Which of the following is an application of probability?

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a

risk assessment

b

making a frequency table

c

bar-graphs

d

none

answer is A.

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Detailed Solution

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Concept: Probability has a wide range of real-world applications. Some of the most common applications we find in our daily lives while checking the outcomes of the following events:

1.Selecting a card from a deck of cards

2.Tossing a coin

3.A dice is tossed into the air.

Other Important Probability Applications

It's used in a variety of industries for risk assessment and modelling.

Weather forecasting or weather change prediction

Based on players and team strength, the likelihood of a team winning in a sport.

Chances of earning a share price increase in the stock market.

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Which of the following is an application of probability?