Probability of Failure Formula:
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Probability of Failure is the likelihood of losing an event. It represents the ratio of unfavorable outcomes to the total number of possible outcomes in a given scenario.
The calculator uses the probability of failure formula:
Where:
Explanation: The formula calculates the probability of failure by dividing the number of losses by the total number of outcomes (wins + losses).
Details: Calculating probability of failure is crucial for risk assessment, decision making, and statistical analysis in various fields including business, engineering, and gaming.
Tips: Enter the number of wins and number of losses as non-negative integers. The total number of outcomes must be greater than zero.
Q1: What is the range of probability values?
A: Probability values range from 0 to 1, where 0 indicates impossibility and 1 indicates certainty.
Q2: How is probability of failure related to probability of success?
A: Probability of failure and probability of success are complementary - they add up to 1.
Q3: Can this calculator handle decimal inputs?
A: The calculator is designed for integer counts of wins and losses as they represent discrete events.
Q4: What if both wins and losses are zero?
A: The calculator requires at least one outcome (either win or loss) to calculate probability.
Q5: How accurate is the probability calculation?
A: The calculation is mathematically exact based on the input values provided.