Probability is the numerical likelihood that a specific outcome will occur. Probability = \({ \text{outcomes of interest} \over \text{possible outcomes}}\). To find the probability that two events will occur, find the probability of each and multiply them together.
If there were a total of 400 raffle tickets sold and you bought 16 tickets, what's the probability that you'll win the raffle?
| 4% | |
| 2% | |
| 5% | |
| 10% |