Introduction

So far in Building Probability Models, you have learned to define valid probability models, construct both uniform and non-uniform versions, and compute event probabilities. That is a powerful toolkit, and you are now on lesson four of five, which means only one lesson remains after this one.

But here is a question those earlier skills leave unanswered: if you know the probability of an event, how many times should you actually expect it to happen? In this lesson, we bridge the gap between a probability on paper and a concrete prediction you can act on. By the end, you will be able to take any probability model and forecast the expected number of times each outcome will occur over a given number of trials. This is where probability becomes genuinely practical — it lets us set expectations, plan resources, and make informed decisions.

From Probability to Prediction
The Prediction Formula
Predicting Late Deliveries: A Full Walkthrough
Predicting Frequencies for Every Outcome
Why Predictions Are Expectations, Not Guarantees
Conclusion and Next Steps
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