The word 'probability' in ordinary language has two different senses, here called "inductive" and "physical" probability. This paper examines the concept of inductive probability. Attempts to express ...

Children had to choose one of two urns—each comprising beads of winning and losing colours—from which to draw a winning bead. Three experiments, aimed at diagnosing rules of choice and designed ...

For any event that has multiple outcomes with different probabilities, it can be helpful and illustrative to construct a chart or diagram of the possible outcomes. Tree diagrams are a useful example ...

Here, we bring for you another tricky yet important concept to learn. ‘Probability’ is one important topic of Modern mathematics which has the potential to shoot up the scores of a CAT aspirant. Hence ...

To many, the concept of probability feels intuitive. We're used to thinking about the odds of everything from coin flips to election results. Probability has become so integral to everyday life, it's ...