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Year 8 Probability Exercise 1The set of all possible outcomes is known as the ___. List out all the possible outcomes given each description, underline or circle the outcomes that match, and hence
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Probabilities of outcomes refer to the likelihood of various potential results arising from a particular event or decision.
Typically, entities such as businesses, researchers, and organizations involved in analysis or forecasts are required to file probabilities of outcomes.
To fill out probabilities of outcomes, one should identify the possible outcomes, assess the likelihood of each occurring, and document the findings according to prescribed formats.
The purpose is to assess and communicate the risks and expectations associated with different scenarios in decision-making processes.
The report should include detailed descriptions of outcomes, probabilities assigned to each outcome, and any assumptions made during the assessment.
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