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.
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.
the ratio of the number favorable outcomes to the total number of trials.
It depends on what variable the probability ratio was for! The random variable could have been the number of heads minus the number of tails, for example.
Odds in Favor ^Wrong..It's theoretical probability.
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.
ratio
The probability of an event is the ratio of the number of equally likely oucomes of a trial which are favourable to that event, and the total number of outcomes.
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.
experimental probability
the ratio of the number favorable outcomes to the total number of trials.
experimental probability, is the ratio of the number favorable outcomes to...
The term is probability (theoretical probability), or how likely a given event is to occur.
It depends on what variable the probability ratio was for! The random variable could have been the number of heads minus the number of tails, for example.
yes it can be defined more commonly as a ratio between the number of and numbr of possible outcomes
Probability
If each of the ways is equally likely then it is the probability of the event but otherwise it is simply a ratio.