Calculate probabilities for various scenarios with advanced visualizations and analysis
Example: Probability of rolling a 3 on a fair die
Favorable outcomes: 1 (only the number 3)
Total outcomes: 6 (numbers 1 through 6)
S: Sample Space, ∅: Empty Set
A': Complement of A
For mutually exclusive: P(A∩B) = 0
For independent: P(A∩B) = P(A) × P(B)
Probability measures the likelihood of an event occurring, ranging from 0 (impossible) to 1 (certain).