Question

Do you believe that all individuals use probabilities consciously in everyday activities to make decisions? Why or why not?

450  words no plagiarism please

Answer 1

solution:

Yes all the individual use probabilities consiously in everyday activities to make decisions, Because

probability is the chance of occuring a favourable case among the number number of cases for example

Example 1: if it is a rainy season or summer you would prefer to take umbrella along with you by assuming that it may rain or you may need to walk in sun (eventhough it was not raining or it was not too hot before you start from home ) because probability is just a chance of happening of some event

Example 2: while going out from home you will always carry more money than your daily expences with the belief that you may have some other expences than the dialy expences by assuming the uncertain chance of happening some event which may increase your expense

mentioned above are just just few but where ever you need to take decisions where you dont have the mathematical solution or you are not sure of the outcome or the result, just depends on your assumption or your past experience may come under probabilistic activities

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