1) Probabilityan event occurring is defined as the long-run fraction of time that it would happen if the random process occurs over and over again under the same conditionsThe probability of an outcome 𝒆 in a sample space 𝑺 is a number 𝑷 between 0 and 1 that measures the likelihood that 𝒆 will occur on a single trial of the corresponding random experiment. The value 𝑷 = 𝟎 corresponds to th..