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Artificial Intelligence  /  AI 0281  ·  Atom · ~20 seconds

A Chance Is a Share of Cases

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A chance is a fraction between 0 and 1: the share of relevant cases in which a thing happens — 0 for never, 1 for always.

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A raffle drum holds 1,000 tickets and you bought 250: your chance is 250 out of 1,000 — 0.25.

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A count means nothing until its denominator is known — 250 tickets of how many?