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'''Probability''' theory is the study of uncertainty, a relatively modern field
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The '''probability''' of an event is a number between 0 and 1 representing the likelihood of the event's occurrence.  It may be expressed as a simple fraction, decimal fraction, or percentage. When there are a finite number of equally likely outcomes, the probability of an event is given by
 
The '''probability''' of an event is a number between 0 and 1 representing the likelihood of the event's occurrence.  It may be expressed as a simple fraction, decimal fraction, or percentage. When there are a finite number of equally likely outcomes, the probability of an event is given by
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The famous mathematician Sir Frederick Hoyle once calculated that the chances of life occurring (i.e. the theoretical probability) by chance are 1 in 10 to the power of 50, or 1 in 100,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000.
 
The famous mathematician Sir Frederick Hoyle once calculated that the chances of life occurring (i.e. the theoretical probability) by chance are 1 in 10 to the power of 50, or 1 in 100,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000.
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==History==
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[[Blaise Pascal]] and [[Pierre de Fermat]] are credited with initially developing the field of probability in the mid-1600s,<ref>http://www.teacherlink.org/content/math/interactive/probability/history/briefhistory/home.html</ref> but to this day the field remains relatively new compared with other fields of [[mathematics]].
 
==References==
 
==References==
 
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