Applied Probability is a branch of mathematics that focuses on using probability theory to solve real-world problems. It involves analyzing random events and making predictions based on statistical data. This field is widely used in various areas, including finance, engineering, and science, to assess risks and make informed decisions. In Applied Probability, techniques such as simulations, statistical modeling, and decision analysis are employed to understand complex systems. By applying these methods, researchers and professionals can evaluate outcomes, optimize processes, and improve strategies in uncertain environments, ultimately enhancing decision-making and problem-solving capabilities.