Final answer:
Probability is a mathematical tool used to study randomness and the likelihood of events occurring. The probability of an event is determined by the ratio of favorable outcomes to the total number of possible outcomes. Each event has a certain probability associated with it.
Step-by-step explanation:
Probability is a mathematical tool used to study randomness and the likelihood of events occurring. Each event has a certain probability associated with it, which can range from 0 to 1. If two events are equally likely, then they have equal probability. When it comes to events that seem improbable, such as winning multiple lotteries or getting a specific sequence of outcomes, it is important to consider the number of possible outcomes and the total number of events. While each event may seem unlikely when considering all the specific details and circumstances, the probability of the event occurring can still be calculated based on the total number of possible outcomes. So, the probability of an event is determined by the ratio of favorable outcomes to the total number of possible outcomes.