Download or read book Probability Concepts (Speedy Study Guides) written by Speedy Publishing and published by Speedy Publishing LLC. This book was released on 2014-06-18 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: Probability concepts study the likelihood that an event will happen within a certain frequency within a designated duration. These concepts are used in various mathematical and risk assessment models and are used in different aspects of our lives such as crisis management and major event planning. A primary tool of sociologists, a chart would assist one in understanding the various models and concepts and how these concepts are applied in everyday life.