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Probability is a mathematical measure of the likelihood or chance that a particular event will occur. It provides a systematic way of dealing with uncertainty by assigning numerical values between 0 and 1 to possible outcomes. A probability of 0 indicates that an event is impossible, while a probability of 1 indicates certainty. Values between 0 and 1 represent different degrees of likelihood. Probability can be expressed as a fraction, decimal, or percentage. In quantitative analysis, probability is used to analyse situations where outcomes cannot be predicted with complete certainty. An experiment or situation may have several possible outcomes, and the collection of all possible outcomes is called the sample space. An event is a ______ _________ ______ __________ _____ ____ ______ _________ __________.
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