Create Date: July 22, 2024
Last Modified Date: January 15, 2025
When calculating the probability of three different events occurring, you use the following:
Multiply the individual probabilities together after converting them into decimal form. For example, if Event 1 is 50%, Event 2 is 40%, and Event 3 is 15%, the calculation is: (50 / 100) * (40 / 100) * (15 / 100).
Use the formula: (1 - Event 1 Probability) * (1 - Event 2 Probability) * (1 - Event 3 Probability).
This is a very simple and easy-to-use calculator. Follow these steps:
If Event 1 has a 50% chance, Event 2 has a 40% chance, and Event 3 has a 15% chance, you can use the calculator to determine:
A 2 percent chance means that out of 100 times a cycle runs, only 2 times will that outcome occur. It is very unlikely.
Yes, an event can have a 100% chance of occurring.
No, the probability of something happening can only be as low as 0%, no less.