Probabilistic analysis is a branch of mathematics and statistics that deals with analyzing and quantifying uncertainty in various systems or processes. It involves using probability theory to model and study the behavior of random variables and outcomes in a given system. Probabilistic analysis is commonly used in fields such as engineering, finance, and computer science to make informed decisions and predict future outcomes based on probabilistic models and data. The goal of probabilistic analysis is to provide a more accurate and comprehensive understanding of the uncertainties involved in a particular system or problem, which can help in making better-informed decisions and reducing risks.