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The probability level for an outcome is the probability that the outcome was at least as extreme as the one that was observed.
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What does fair mean from a probability perspective?
From a probability perspective fair means equal probability.
What does and mean in probability?
It means multiply, Probaility of A and B means probability of A multiplied by probability of B.
The mean of a binomial probability distribution can be determined by multiplying?
The mean of a binomial probability distribution can be determined by multiplying the sample size times the probability of success.
If the probability that it will snow tomorrow is 43 what is the the probability that it will not snow?
If you mean 43%, then the probability that it will not snow is 57%, 0.57 or 57/100.
What does it mean to find the compliment of the probability of an event?
The complement (not compliment) of the probability of event A is 1 minus the probability of A: that is, it is the probability of A not happening or "not-A" happening.The complement (not compliment) of the probability of event A is 1 minus the probability of A: that is, it is the probability of A not happening or "not-A" happening.The complement (not compliment) of the probability of event A is 1 minus the probability of A: that is, it is the probability of A not happening or "not-A" happening.The complement (not compliment) of the probability of event A is 1 minus the probability of A: that is, it is the probability of A not happening or "not-A" happening.
What does fair mean from a probability perspective?
From a probability perspective fair means equal probability.
What does it mean to find the probability of an event?
Read the introduction to probability and probability measures at StatLect.com
What does and mean in probability?
It means multiply, Probaility of A and B means probability of A multiplied by probability of B.
The mean of a binomial probability distribution can be determined by multiplying?
The mean of a binomial probability distribution can be determined by multiplying the sample size times the probability of success.
What is an 0001 probability level?
The answer depends on the underlying distribution.
What is the significance of the mean of a probability distribution?
The significance of the mean of a probability distribution is that it is the most probably thing to happen. The mean is the average of a set of values. If it is the average of a probability distribution, it is the most probable part.
What does probability of employment mean?
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What does dependent probability mean?
Dependent probability is the probability of an event which changes according to the outcome of some other event.
What does empirical probability mean?
It is the probability of an event calculated from repeated trials of an experiment.
What is The mean of a discrete probability distribution is also called the?
The mean of a discrete probability distribution is also called the Expected Value.
If the probability that it will snow tomorrow is 43 what is the the probability that it will not snow?
If you mean 43%, then the probability that it will not snow is 57%, 0.57 or 57/100.
What does the z-value in statistics have to do with the level of confidence?
A z-value by itself, has nothing to do with level of confidence.A z-value can be used to calculate probabilities of observing a result that is at least as far from the mean. That probability measure can be used to calculate the level of confidence but you need to be careful about using the one-tailed or two-tailed measures - as appropriate.A z-value by itself, has nothing to do with level of confidence.A z-value can be used to calculate probabilities of observing a result that is at least as far from the mean. That probability measure can be used to calculate the level of confidence but you need to be careful about using the one-tailed or two-tailed measures - as appropriate.A z-value by itself, has nothing to do with level of confidence.A z-value can be used to calculate probabilities of observing a result that is at least as far from the mean. That probability measure can be used to calculate the level of confidence but you need to be careful about using the one-tailed or two-tailed measures - as appropriate.A z-value by itself, has nothing to do with level of confidence.A z-value can be used to calculate probabilities of observing a result that is at least as far from the mean. That probability measure can be used to calculate the level of confidence but you need to be careful about using the one-tailed or two-tailed measures - as appropriate.
