7-1 Understand Likelihood and Probability – We learned about outcomes and to use probability to describe the likelihood that an event will occur. Then we related probability to mathematical fairness. We learned that probability can be described using a ratio such as 1 out of 2. Next, we discovered that the closer the ratio is to zero the less likely it is to occur. The closer the value is to 1 the more likely the event will occur.
Assignment: Complete assigned homework problems.