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What is probability that is based on data?
It is called 'Experimental Probability'.
Difference between objective probability and subjective probability?
Objective probability is based on some basis of fact, experimentation, or analysis. Subjective probability is based on someones guess.
When could you use theoretical probability?
When there is a good theoretical model for the experiment and the model allows you to identify all the factors affecting the outcome and determine their impact on the outcome. Even if you cannot identify all the factors, you can still use theoretical probability but the predictions from your model will be less reliable. Econometrics is a good example of using theoretical probability based on an incomplete understanding of the model.
What is the calculated probability based on relative frequency?
It is the empirical or experimental probability.
What is a probability is based on repeated trials of an experiment?
It is empirical (or experimental) probability.
The likelihood of an event occurring?
The likelihood of an event occurring is known as the probability of occurrence. This can be calculated based on previous patterns and other factors.
The chance that an earthquake will occur in your town during the next year is an example of?
This is an example of a probability event, specifically a natural disaster event. The likelihood of an earthquake happening in a particular area within a given time frame is a statistical probability based on historical data and geographic factors.
Why were statistics developed?
To be able to understand the probability of chance for an occurrence and to further understand probability
What is a non probability sample?
A sample of a population that is based on factors other than randomness.
What is incident type or complexity based on?
A combination of involved factors that affect the probability of control of the incident.
Are Earthquake hazard maps are based on probability?
Yes, earthquake hazard maps are typically based on probabilities. They consider factors such as historical seismic activity, fault lines, and geologic characteristics to estimate the likelihood of earthquakes of various magnitudes occurring in a specific area over a certain period of time. These maps are used to assess risks and inform building codes and emergency planning efforts.
What is the probability of having either a major earthquake shake your house or of having a volcano pop up in your backyard?
The probability of either a major earthquake shaking your house or a volcano popping up in your backyard is dependent on the specific location and geological factors involved. Generally, the likelihood of either event occurring is low but varies greatly based on the region's seismic and volcanic activity. It is important to be prepared for such natural disasters by following safety guidelines and building codes.
What is probability that is based on data?
It is called 'Experimental Probability'.
Difference between objective probability and subjective probability?
Objective probability is based on some basis of fact, experimentation, or analysis. Subjective probability is based on someones guess.
Where was the christchurch earthquake?
The September 4 earthquake was based around Darfield. the February 22 earthquake was based in Lyttleton.
What probability is based on repeated trials of an experiment?
Experimental Probability
What is the probability of a probability that is based on repetitions of an actual experiment?
Experimental
