Page 310 - Ai_417_V3.0_C9_Flipbook
P. 310
• Scenario 4: If the person is above 60 years of age then the premium charged is of the highest bracket.
Premium very low Age below 25 Age 40-60 Premium very high
Age 25-40 Age above 60
a Brainy Fact
GPT-3 (Generative Pre-trained Transformer 3) is a large language model, released by OpenAI in
2020, has 175 billion parameters and uses probabilistic sampling techniques for text generation.
Case 2
Let there be a bet among friends that a person will have to perform a dare if the die rolls out 5 or 6 and otherwise
the person has to speak the truth.
• Scenario 1: When die rolls into any number between 1-4. The person replies to a question with the
truth.
1 2 3 4 5 6
Truth Dare
• Scenario 2: When the die rolls out 5 or 6 then a person performs a dare.
1 2 3 4 5 6
Truth Dare
Applications of Probability
Probability has a wide range of applications across various fields, making it an essential concept in many areas
of study and professional practice. Here are some key applications of probability.
Sports
• In cricket, the batting average represents how many runs
a batsman would score before getting out. Probability
can help in estimating the batting average. For instance, if
a batsman had scored 20 runs out of 80 runs from only
boundaries in the last match. Then, there is a chance that he
will score 25% of his runs in the next match from boundaries.
308 Touchpad Artificial Intelligence (Ver. 3.0)-IX

