Probability is quite useful in predicting future events and is utilized by insurance companies, market research firms, investors, gamblers, criminal investigators and many other industries.
An article from Forbes.com, “Stupid Sports Cliches and Why Syraucse Will (Probably) Beat UCONN,” discusses probability in relation to who will win a college basketball game. Do you agree with the author’s reasoning on probability of predicting sports game outcomes being different than predicting a coin toss?
Note: The game mentioned in this article has already taken place. Click here to check out the score and compare it to the article’s prediction.