Possibility, often referred to as chance, is the likelihood that a specific event will occur. It is a fundamental concept in various fields, including mathematics, statistics, and philosophy. Possibility can be expressed as a percentage or a fraction, indicating how probable an event is compared to all potential outcomes. In everyday life, we encounter chance in numerous situations, such as predicting the weather or playing games like lottery or dice. Understanding possibility helps individuals make informed decisions, assess risks, and evaluate opportunities, ultimately guiding actions based on the likelihood of different scenarios.