Chance and Probability Probability Probability can simply be said to be the chance of something happening, or not happening. So the chance of an occurrence of a somewhat likely event is what we call probability. In the example given above the chance of rolling a six was one is six. That was its probability. Random Experiment A process which results in some well-defined outcome is known as an experiment. Here you rolling the dice was the random experiment, since the outcome was not sure. The outcome here is 1, 2, 3, 4, 5, or 6. It cannot be predicted in advance, making the rolling of dice a random experiment. Sample Space All possible outcomes or results of an experiment make up its sample space. So the sample space of the above example will be, S = { 1,,2,3,4,5,6}. Since a dice once thrown can give you only one of these six results. Event When a particular event occurs, like for example the dice lands on a six, we can say an event has occurred. So we can ...