The odds of rolling "snakes eyes" when rolling a pair of dice is 1 in 36. What is this statement an example of?

The statement regarding the odds of rolling "snake eyes" (two ones) with a pair of dice being 1 in 36 is an example of probability. Probability quantifies the likelihood of an event occurring in relation to all possible outcomes. In this scenario, there are 36 possible combinations when rolling two six-sided dice (each die having six faces, thus 6 x 6 = 36), and only one of those combinations results in snake eyes (1+1).

Understanding this concept of probability is crucial because it allows for the assessment of risk within various contexts, including decision-making frameworks in finance, insurance, and risk management. The "1 in 36" figure provides a clear and measurable way to express the chance of that specific outcome occurring, reflecting the fundamental principles underlying probability theory.

Other terms like possibility, prediction, and prophecy do not accurately frame this statistical assessment; possibility refers to whether an event can occur at all, prediction implies a forecast about future events based on information or trends, and prophecy usually involves a prediction that has a spiritual or mystical connotation. Therefore, identifying this statement as an example of probability enhances understanding of how we evaluate risks and uncertainties based on mathematical foundations.