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Probability concerns with estimating a likelyhood for an event to either yet to happen or would have happened.

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โˆ™ 2009-06-21 09:46:54
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Q: What do you understand by concept of probability?
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Related questions

Why were statistics developed?

To be able to understand the probability of chance for an occurrence and to further understand probability

Random sample is a concept of?


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

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.

Even an expert may not understand everything about a concept?

Even an expert may not understand everything about a concept

Why the improvement in Mendeleevs periodic table was made?

To understand the concept of Periodic Table

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.

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.

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.

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