👉 In mathematics, an uncertain situation is characterized by a lack of certainty or certainty in a situation. It can be expressed as uncertainty and can refer to various aspects such as probability, risk, chance, likelihood, or any other aspect that involves uncertainty. In statistics, it refers to the degree to which an observation is likely to occur rather than its actual occurrence. It is often used in fields like finance, engineering, psychology, and insurance. In probability theory, uncertainty can be quantified using measures such
