Using data to determine the likelihood of an outcome

Learn about using data to determine the likelihood of an outcome. This course is ideal for beginners.

Introduction

Data is information; a collection of numbers, words, measurements, facts and statistics. Data can be used in order to calculate the likelihood of an outcome.
Probability expresses the likelihood of an event’s occurrence.
The probability of something occurring is given by the following ratio:
Probability is equal to the number of ways that an event is occurring divided by the total number of possible outcomes.