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Why is it important to understand probability?
it is important to understand probability you may lose a good chance of winning something if you dont get or use probability at that time
Random sample is a concept of?
Probability.
What is propability complement sure?
The probability complement refers to the likelihood of an event not occurring. If the probability of an event happening is denoted as ( P(A) ), then the probability of the event not happening is given by ( P(A') = 1 - P(A) ). This concept is fundamental in probability theory, as it helps to understand the total probability space, where the sum of the probabilities of all possible outcomes equals 1. Thus, knowing the probability of an event allows you to easily calculate the probability of its complement.
What is the best definition for probability in geometry?
Since probability is not a geometric concept, there is no definition for it in geometry.
What does probability look like?
Probability is an abstract concept and so does not have any particular appearance.
Is relative frequency similar to the concept of probability?
The relative frequency of of an event is one possible measure of its probability.
What is the fundamental concept for probability and statistics?
The fundamental concept is that there are many processes in the world that contain a random element. If that were not the case, everything would be deterministic and there would be no need for probability of statistics.
Why were statistics developed?
To be able to understand the probability of chance for an occurrence and to further understand probability
How would you explain the concept of probability to a child?
Start with examples like flipping a coin, rolling a die or spinning a dreidel. Then explain in terms they understand. That depends very much on the age of the child.
Even an expert may not understand everything about a concept?
Even an expert may not understand everything about a concept
What are the types of probability?
They are generally agreed to be theoretical and experimental probabilities. Probability is probability. The concept may be applied to any causal event which has more than one potential outcome.
Where is it possible to learn about bayesian probability?
One can find information on the bayesian probability on many different websites including Wikipedia. It is defined as one of many interpretations of the concept of probability.
