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Relative frequency formula?
Probability of event = relative frequency = f/nf is the frequency of the event occurence in a sample of n observances.
Difference between p value and level of significance?
P- value is the probability that the given null hypothesis is true and the level of significance is the chance in a hundred or thousand off occurence of an event i an outcome
Difference between conditional probability and Bayes theorem?
may b d reason is dat - in conditional prob. occurence of one of d 2 events is known 2 us . on other hand prob of d each event is given 2 us in baye's theorem.
What does 'each occurrence' mean?
Each occurence means that the liability limit of your policy doesn't have an accured limit. Every time you have an accident, the policy limits are available (i.e. each occurence).
What does it mean when a researcher sets an observed p value 0.05 Are all statistical difference between groups that reach the 0.05 level or 0.01 level meaningful?
Yes, in fact any statistical having a probability of occurence under the null hypothesis less than 0.05 would be considered significant.
