6 Real Life Uses of Probabilityby Randhir Pandey Team Lead - Marketing
No one has seen the future, but it is possible to predict a few things that are going to happen. No, we are not talking about looking into the crystal ball or any highly advanced technology. It is simple mathematics; probability to be precise. And in today’s world, it has more practical application than you think.
Here are 6 instances that may clear your view about probability altogether.
1. Weather forecast:
You may have watched a suited gentleman or a charming young lady explaining the weather would be for the next couple of days. No, they aren’t sorcerers. They usually get the information from the met office, where experts evaluate numerous elements and use probability to predict how the weather is going to be in the upcoming days.
2. Investments in the share market:
While most people think investing in share market or mutual funds may be a gamble, there is a cluster of people who call it a calculated risk. Yes, these things are subject to market risks, but a skilled person always uses probability before he/she makes a considerable amount of investment in a field that is filled with uncertainties.
3. Creating a game-plan:
What makes a great coach? It’s not his skills or his charisma. It is his ability to strategize an unbeatable game-plan before every crucial match. Pick any team game – football, baseball, hockey, rugby or cricket; each of these games need a certain level of planning where probability plays a bigger role their assignments.Read More here
Created on Apr 28th 2018 08:18. Viewed 353 times.