When trying to generate an accurate probability assessment, why is it better to consider all possible outcomes to a problem than to consider each possible outcome separately?

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When trying to generate an accurate probability assessment, why is it better to consider all possible outcomes to a problem than to consider each possible outcome separately because when we focus our attention on a subset of the available information, we tend to give it too much weight, and too little weight to all other information.

Probability is a branch of mathematics that quantifies the likelihood of an event occurring or the likelihood of a statement being true. The probability of an event is a number between 0 and 1, with approximately 0 indicating the improbability of the event and 1 indicating certainty. The higher the probability of an event, the more likely the event will occur. A simple example is tossing a fair (unbiased) coin. Since the coin is fair, the two outcomes (heads and tails) are equally likely. The probability of heads is the same as the probability of tails. Since no other outcome is possible, the probability of heads or tails is 1/2 (also written as 0.5 or 50%).

The probability of an event can be calculated by simply dividing the number of favorable outcomes by the total number of possible outcomes using the probability formula. Probability is the branch of mathematics that studies the possible outcomes of certain events along with the relative probabilities of outcomes and distributions.

Learn more about  Probability here: https://brainly.com/question/251701

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