The repeated multiplication associated with exponents often represents repeated events in life,such as receiving interest from a bank or determining probabilities associated with sampling.Exponents are also used to represent large numbers that occur in the real world.When we look at exponents, we are essentially looking at the parameters of a test; our basenumber exhibits the number of possible outcomes of one attempt or trial, and our exponentillustrates how many times that trial or attempt is performed.In terms of probability, calculating exponents can tell us what the chances are of somethingoccurring. Once you calculate the product of an exponent, you can essentially find out how likely anevent is to happen after number of attempts.
Applied ExampleFor example, say you flip a coin 6times. There are 2possible outcomes for every flip — heads or tails.The 2, or base number, represents the number of possible outcomes for each trial (in this case, a coinflip), and the 6, or exponent, represents the number of trials performed (in this case, how many times the coin isflipped).26= 64So there are 64total possible outcomes of a coin being flipped 6Copyright © 2019 MindEdge Inc. All rights reserved. Duplication prohibited.