Assessing risk in engineering, work and life
Assessing risk in engineering, work and life

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Assessing risk in engineering, work and life

3.2 Calculating probability

Coins and dice provide good examples for considering probability, as there is a limited but well-defined number of possible outcomes in each case (Figure 14).

Described image
Figure 14 Tossing coins and rolling dice

Finding the probability of a particular outcome

To calculate the probability of a particular outcome from an event:

  1. Count the total number of possible outcomes.
  2. Count the number of times the outcome of interest occurs.
  3. Express the two numbers as a proportion, a fraction, a decimal or a percentage in its simplest form.

For example, if a person tosses a coin, there are two possible outcomes: ‘heads’ and ‘tails’. If the coin is ‘fair’ and has not been tampered with, these outcomes are equally likely. So the probability that a single toss gives ‘heads’ can be described as 1 in 2, one divided by two, 0.5 or 50%.

In standard mathematical notation, the probability of a particular event cap a happening is expressed as

cap p of cap a element of open zero comma one close comma

where prefix element of of open zero comma one close means that the value of cap p lies in the range 0 to 1. So the probability of tossing a coin that lands showing ‘tails’ would be written as cap p of cap t equals 0.5.

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