Monday, September 9, 2013

Probability in Everyday Life



Before starting this chapter I never realized how much our society uses probability in our everyday lives. The obvious is in sports, especially if you like to gamble or play in fantasy football leagues. We also use probability in board games. One great example is twister. There is a spinner with four different colors and whichever color you land on you place a body part on that color. Every color has a 25 percent chance of being landed on. Another way we use probability is the weather. People have to plan around the weather; people don't want to have a barbeque on a weekend when there is a fifty percent chance of rain.

            Another way we use probability in our everyday lives is with insurance premiums. Companies look at your driving record and age when they are deciding your rate. Medical decisions are also based on probability if you need surgery, you'll want to know the success rate of the operation. Based upon the statistics, you can make an informed decision whether or not it's a good choice for you. One last example is life expectancy. Age groups are used as guidelines by financial advisers to help clients prepare for their retirement years.  We use probability in so countless ways.







http://www.ehow.com/list_7719506_real-life-probability-examples.html

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