Research one of the formulas in Statistics that we will cover and Project

Research one of the formulas in that we will cover and discuss the relevancy and application to the program - Statistics Project Example Probability can either be experimental of theoretical. The formula for calculating probability is the number of successful outcomes divided by the total number of outcomes in an event. While experimental probability is based on observations from past events or an experiment, theoretical probability relies on expectations due to nature of events (Brockopp and Tolsma, 2003). The relevance of the formula for finding probability is realized in nursing research, evidence based practice and administrative decision making such as determination of best practices. In determining probability of success of a nursing practice, probability helps in making decision on whether a practice should be adopted or not. The probability concept also helps in selection the best out of available practices by offering likelihood of success in each practice. Probability is therefore relevant to the nursing profession because it forms a basis for decision making in selection of nursing practices. It can be applied in any decision making process that is evidence based. This is because it relies on experiments or proved occurrences to offer predictions (Brockopp and Tolsma,