Probability calculates the likelihood of an event occurring. The likelihood of the event occurring lies between 0 and 1. It is zero if the event does not occur and 1 if the event occurs.
For example, the probability that it would rain on Friday is between o and 1. If it rains, a value of one ids attached to the event. If it doesn't a value of zero is attached to the event.
Proportion of defective televisions in the shipment = 15/240 = 1/16
Probability that 1 of the 7 chosen is defective = 1/16 x 7 = 7/16
