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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.
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.
What is called probability that is based on repeated trials of an experiment?
The probability that is based on repeated trials of an experiment is called empirical or experimental probability. It is calculated by dividing the number of favorable outcomes by the total number of trials conducted. As more trials are performed, the empirical probability tends to converge to the theoretical probability.
I am a twin will i also have twins?
Having twins is based on probability. There is not a 100% chance you will have twins.
Why were statistics developed?
To be able to understand the probability of chance for an occurrence and to further understand probability
When every Member of a population has the chance of being selected based on probability what type of sampling is this?
Simple random sampling.
Where is probability used in the real world?
Probability is used everywhere: Betting odds. Medical odds, (chance of survival or chance of side effect happening). Anywhere we calculate risks (insurances calculate premiums based on probability). Communication Networks
When every member of a population has the chance of being selected based on the probability or frequency of its representation in that population you are using which type of sampling?
Systematic sampling
How do you make a project on application of maths in basketball?
Discuss the math behind tossing the ball into the basket. Some topics are trajectory, velocity of the ball, the required force needed to dunk the ball, and the probability of landing a basket based on these calculations.
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.
What is the probability of a probability that is based on repetitions of an actual experiment?
Experimental
What probability is based on repeated trials of an experiment?
Experimental Probability
What is a probability is based on repeated trials of an experiment?
It is empirical (or experimental) probability.
What is the calculated probability based on relative frequency?
It is the empirical or experimental probability.
