The Drake Equation
demonstrate an understanding of the individual factors contained in the Drake Equation and their implications for the existence of life elsewhere in our Galaxy
Is there life on other planets? Might we ever come into contact with other civilisations in our galaxy. Is there any way we could estimate how many such civilisations there are?

In 1960 Frank Drake created an equation which actually calculates the number of civilisations which we might be able, at some time, to communicate with.
Of course it cannot be a wonderfully accurate way of calculating such a thing but it is a useful tool for considering what factors might have an affect on the presence of extra-terrestrial life.
The number of civilisations, N, is given by the equation:
N = R* x fp x ne x fl x fi x fc x L
R* = stars formed per year in our galaxy
fp = what fraction of these stars have planets
ne = how many of these planets could support life
fl = what fraction of these go on to develop life
fi = what fraction of this life is intelligent
fc = what fraction of these develop technology that make them detectable to other civilisations in space
L = for how long they release such signals
The values for the factors above are either very hard to estimate or very much up for debate however, based on current estimates by some scientists,
N = 7 × 0.5 × 2 × 0.33 × 0.01 × 0.01 × 10000 = 2.31 i.e. we are not alone!