3
QuizMultiple Choice

Gambling, Probabilities, and Odds — Quiz

Question 3 • Personal Finance

What is the meaning of probability?

Answer
A
the likelihood of the occurrence of one outcome rather than the occurrence of another outcome
B
a number that reflects all possible outcomes of experiment to those that cannot occur
C
the desired outcome of an experiment or activity
D
a number that reflects the chance or likelihood that a particular event will occur

Explanation

Probability is a number that describes how likely a particular event is to happen. For example, a probability of 0 means the event cannot happen, while 1 means it is certain. Therefore, the correct choice is “a number that reflects the chance or likelihood that a particular event will occur.”

AI-written and checked against the verified answer.

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