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What is experimental probability vs theoretical probability?
Theoretical probability is what should occur (what you think is going to occur) and experimental probability is what really occurs when you conduct an experiment.
What does fair vs unfair mean in probability?
geese
Benefits of probability to the business and administration?
one of the things i have learned from poker is that probability is not an indicator of what's to happen in the future, however, by playing the odds on a continuous basis you are assured to come out on top. just make sure to take the good odds, a 51/49 split is not a good chance in the world of probability. anything over 70% (i believe) is considered to be a good risk vs. reward assessment
What is a probability of rolling an even number on a number cube?
50 % if say it was a 6 sided die it would be 3 in 6 our a twenty sided die 10 in 20 etc etc etc ... but theres always an equal anmount of each odd vs even
1 Explain the different types of research?
The basic types of research are as follows:• Descriptive vs. Analytical• Applied vs. Fundamental• Quantitative vs. Qualitative• Conceptual vs. Empirical
