The probability of an event can assume any value betweena)– 1 an...
More precisely, a random variable is a quantity without a fixed value, but which can assume different values depending on how likely these values are to be observed; these likelihoods are probabilities. To quantify the probability that a particular value, or event, occurs, we use a number between 0 and 1.and none of these.
View all questions of this test
The probability of an event can assume any value betweena)– 1 an...
0 and 1, inclusive.
The probability of an event is a measure of how likely it is to occur. It is expressed as a number between 0 and 1, where 0 represents an impossible event (it will never occur) and 1 represents a certain event (it will always occur). For example, the probability of flipping a coin and it landing on heads is 0.5, or 50%. The probability of rolling a six-sided die and getting a 7 is 0, because it is impossible. Similarly, the probability of rolling a six-sided die and getting a 1, 2, 3, 4, 5, or 6 is 1, because it is certain.
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.