What is Probability?
In Mathematics, Probability theory is the study of chances. In real life, we predict chances depending on the situation. But Probability theory is bringing a mathematical foundation for the concept of Probability. For example, if a box contain 10 balls which include 7 black balls and 3 red balls and randomly chosen one ball. Then the Probability of getting red ball is 3/10 and Probability of getting black ball is 7/10. When coming to statistics, Probability is like the back bone of statistics. It has a wide application in decision making, data science, business trend studies, etc.
How to Calculate Probability of Exactly One Event Occurring?
Probability of Exactly One Event Occurring calculator uses Probability of Occurrence of Exactly One Event = (Probability of Event A*Probability of Non-Occurrence of Event B*Probability of Non-Occurrence of Event C)+(Probability of Non-Occurrence of Event A*Probability of Event B*Probability of Non-Occurrence of Event C)+(Probability of Non-Occurrence of Event A*Probability of Non-Occurrence of Event B*Probability of Event C) to calculate the Probability of Occurrence of Exactly One Event, The Probability of Exactly One Event Occurring formula is defined as the likelihood that only one out of the three events A, B and C will happen, ensuring that no more than one event occurs. Probability of Occurrence of Exactly One Event is denoted by P_{(Exactly One)} symbol.
How to calculate Probability of Exactly One Event Occurring using this online calculator? To use this online calculator for Probability of Exactly One Event Occurring, enter Probability of Event A (P_{(A)}), Probability of Non-Occurrence of Event B (P_{(B')}), Probability of Non-Occurrence of Event C (P_{(C')}), Probability of Non-Occurrence of Event A (P_{(A')}), Probability of Event B (P_{(B)}) & Probability of Event C (P_{(C)}) and hit the calculate button. Here is how the Probability of Exactly One Event Occurring calculation can be explained with given input values -> 0.67 = (0.5*0.8*0.2)+(0.5*0.2*0.2)+(0.5*0.8*0.8).