Understanding probabilities can really help us make better choices. It lets us figure out how uncertain things are. Here are some important points to think about:

1. Fractions and Percentages:

   • Probability can be shown using fractions. For example, when rolling a six-sided die, the chance of getting a 3 is $\frac{1}{6}$.
   • You can also turn this into a percentage: $\frac{1}{6} \times 100 \approx 16.67\%$.

2. Statistical Importance:

   • When we make decisions based on probabilities, we can better understand the risks involved.
   • If there's a 70% chance of something happening, it’s more likely to happen than not. This helps us make smart choices.

3. Real-Life Uses:

   • In sports, knowing the chances of winning can help teams develop their game plans.
   • In finance, understanding investment risks helps people make better choices about where to put their money.

By learning how to use probabilities, students can get better at analyzing situations and making good decisions based on what is likely to happen.