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What is the probability ratio?
Probability is a measure of the likelihood of a given event and is a number in the range [0, 1]. That value, if expressed as a ratio, is a probability ratio. It can also be expressed as a percentage or a decimal fraction.
What is another name for Experimental Probability?
Another name for experimental probability is empirical probability. This is the ratio of the number of outcomes in which a specified event occurs to the total number of trials.
What is the definition for Probability?
Probability is described as the likelihood of a particular event happening. For example, say you are betting on a horse race, each horse has a particular probability of winning.The likelihood of an event occuringThe proportion of times an event occurs over a large number of trialsA ratio of successful outcomes to total possible outcomesFor a random event, the proportion of times an event occurs over a large nuber of trials
What word means the ratio of the number of ways an event can occur to the number of possible outcomes?
There is no single word. It is the "probability of that event" (four words).
How can probability be expressed?
The probability of an event is a number in the interval [0, 1]. It can be expressed as a fraction or ratio or as a percentage. Furthermore, if the probability of an event is p, where 0<p<1, and if q = 1-p, then the probability of the event can also be expressed as odds of p to q in favour.
