We introduce the probability distributions describing quantum observables in conventional quantum mechanics and clarify their relations to the tomographic probability distributions describing quantum states. We derive the evolution equation for quantum observables (Heisenberg equation) in the probability representation and give examples of the spin-1/2 (qubit) states and the spin observables. We present quantum channels for qubits in the probability representation.developed to obtain the formulation of quantum states more similar to the formulation of the states in classical statistical mechanics.Recently, the tomographic probability representation of quantum states was suggested [12]; in this representation, the quantum states are identified with fair probability distributions connected with density matrices in its phase-space representations by integral transforms; e.g., the Radon transform [13] of the Wigner function provides the optical tomogram [14,15], which is a standard probability distribution of continuous homodyne quadrature of photon depending on an extra parameter called the local oscillator phase, which can be measured [16].The probability distributions determining the spin states were considered in [17,18,19,20,21,22,23,24], and the tomographic probability representation of quantum states was studied in [25,26,27,28,29,30,31,32,33,34].The tomographic probabilities identified with quantum states can be associated with density operators, in view of the formalism of star-product quantization [35,36,37,38,39] analogous to the procedure where the phase-space quasidistributions of quantum states, like the Wigner function, are presented within the star-product framework in [40] (see also recent reviews [41,42]). On the other hand, quantum observables associated with Hermitian operators are presented within the star-product framework by symbols of the operators, which are some functions on the phase space, say, in the Wigner-Weyl representation or the functions of discrete variables in the spin-tomographic description of qudit states.The aim of this work is to extend the probability representation of quantum states to describe the quantum observables in conventional quantum mechanics by fair probability distributions depending on extra parameters. Formally, we address the problem of constructing the invertible map of Hermitian matrices (not only nonnegative trace-class ones) onto sets of probability distributions depending on random variables and extra parameters. We construct such probability representation of quantum observables for systems with finite-dimensional Hilbert spaces of states which are spin-1/2 systems or systems of qubits.