Probability Condition

Definition

The probability condition states that probabilities must be between 0 and 1 (inclusive). A probability of 0 means an event will never happen, while a probability of 1 means an event is certain to happen.

Analogy

Imagine a basketball player shooting free throws. The probability condition is like saying that the player's shooting percentage must be between 0% and 100%. It can't be negative or greater than 100%.

Related terms

Sample Space: The sample space is the set of all possible outcomes in a random experiment.

Conditional Probability: Conditional probability is the likelihood of an event occurring given that another event has already occurred.

Law of Large Numbers: The law of large numbers states that as more trials are conducted, the experimental probability will approach its theoretical probability.