Probability defines the likelihood of occurrence of an event. There are many real-life situations in which we may have to predict the outcome of an event. We may be sure or not sure of the results of an event. In such cases, we say that there is a probability of this event to occur or not occur. Probability generally has great applications in games, in business to make probability-based predictions, and also probability has extensive applications in this new area of artificial intelligence. The probability of an event can be calculated by probability formula by simply dividing the favorable number of outcomes by the total number of possible outcomes. The value of the probability of an event to happen can lie between 0 and 1 because the favorable number of outcomes can never cross the total number of outcomes. Also, the favorable number of outcomes cannot be negative.

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