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About Surajit Basu
Expertise
I can answer questions about applications of probability. I cannot answer questions on statistics and distributions.

Experience
I help out chidren. I solve problems/ puzzles regularly.

Education/Credentials
B. Tech., Computer Science, IIT Kanpur, India MBA, Finance/Systems, IIM Calcutta, India

 
   

You are here:  Experts > Science > Mathematics > Probability & Statistics > Probability

Probability & Statistics - Probability


Expert: Surajit Basu - 10/17/2008

Question
What is chance?

Answer
something may happen or not happen.
i toss a coin: it may land heads, or tails.
will it rain today in Gangtok?

Chance commonly refers to:

   * Probability
   * Randomness

Probability is the likelihood or chance that something is the case or will happen.

Randomness is a lack of order, purpose, cause, or predictability. A random process is a repeating process whose outcomes follow no describable deterministic pattern, but follow a probability distribution.

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