Question: What is the chance of having exactly three blocks mined within the next 10 minutes? You can assume that a new block is mined every 10 minutes on average.
Since Probability simply means the extent to which an event likely to occur, and we all know that it takes approximately 10 minutes for each block to be mined, I think the answer to this is what I will be giving in the calculation down below.
FORMULA FOR PROBABILITY
P(A) = Number of times A occur / Total number of possible outcomes
Where;Number of times A occur = 10
Total number of possible outcomes = 3
Probability = ?
P(A) = (10 / 3) = 3.33