PS - Applications of Probability Lesson

Applications of Probability

Probability has many applications beyond games and gambling. It is important to our study of the world around us. It helps us detect possible discrimination. It helps us decide if medical tests and treatments are effective. It can help us plan inventory and notice consumer trends.

Below you will find 3 examples of Applications of Probability. Watch the videos to see how these kinds of questions can be answered.

Medical Tests: See how probability can be used to determine whether a medical test is useful.

Inventory: See how probability and statistics can be used to help Freddy run his business better.

Consumer Trends: See how probability can peer into history.

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