CAT Exam > CAT Videos > Quantitative Aptitude (Quant) > Examples: Probability
Examples: Probability Video Lecture | Quantitative Aptitude (Quant) - CAT
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FAQs on Examples: Probability Video Lecture - Quantitative Aptitude (Quant) - CAT
| 1. What is probability? |  |
Ans. Probability is a measure of the likelihood of an event occurring. It is a number between 0 and 1, where 0 indicates that the event will not occur, and 1 indicates that the event will definitely occur.
| 2. How is probability calculated? | |
Ans. Probability is calculated by taking the number of favorable outcomes divided by the total number of possible outcomes. This is known as the probability of an event.
| 3. What is the difference between theoretical probability and experimental probability? | |
Ans. Theoretical probability is based on what should happen according to mathematical reasoning, while experimental probability is based on what actually happens when an experiment is conducted.
| 4. How can probability be used in real-life situations? | |
Ans. Probability can be used in various real-life situations such as weather forecasting, insurance risk assessment, sports predictions, and financial investments.
| 5. What are the different types of probability distributions? | |
Ans. Some common types of probability distributions include the normal distribution, binomial distribution, Poisson distribution, and exponential distribution. Each distribution is used to model different types of random variables and events.
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Dec 22, 2024 Last updated |
Video Description: Examples: Probability for CAT 2024 is part of Quantitative Aptitude (Quant) preparation.
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