Core idea
Favorable outcomes divided by total outcomes
For a basic equally likely setup, probability is:
P(E) = favorable outcomes / total outcomes
If 4 cards out of 52 are aces, then the probability of drawing an ace is 4/52, which reduces to 1/13.
Three formats
Fraction, decimal, and percent all mean the same chance
1/13is the exact fraction.0.076923is the decimal form.7.6923%is the percent form.
Good calculators show all three so you can match the format your class, worksheet, or own preference expects.
What must be true
The outcomes need to be equally likely
The simple favorable-over-total formula works only when every outcome in the sample space is equally likely. Standard card draws and fair coin flips fit that rule. Biased coins or uneven spinners do not.