To decide whether or not to take an umbrella as you go out, you need to know the probability that it will rain.
To decide whether or not to take an umbrella as you go out, you need to know the probability that it will rain.
To decide whether or not to take an umbrella as you go out, you need to know the probability that it will rain.
To decide whether or not to take an umbrella as you go out, you need to know the probability that it will rain.
The uses of probability could be for the lottery, black jack or, your math homework. Actuaries use probability factors to determine costs and risks. It is an entire science of its own and has a certification process. Insurance companies hire many actuaries to do probability calculations and create mortality tables.
The uses of probability could be for the lottery, black jack or, your math homework. Actuaries use probability factors to determine costs and risks. It is an entire science of its own and has a certification process. Insurance companies hire many actuaries to do probability calculations and create mortality tables.
The answer will be 1.
As the number of times that the experiment is conducted increases, the experimental probability will near the theoretical probability - unless there is a problem with the theoretical model.
No one! It's pointless in life and will get you nowhere.
The uses of probability could be for the lottery, black jack or, your math homework. Actuaries use probability factors to determine costs and risks. It is an entire science of its own and has a certification process. Insurance companies hire many actuaries to do probability calculations and create mortality tables.
The uses of probability could be for the lottery, black jack or, your math homework. Actuaries use probability factors to determine costs and risks. It is an entire science of its own and has a certification process. Insurance companies hire many actuaries to do probability calculations and create mortality tables.
With probability ratios the value you get to describe the strength of the relationship when you compare (A given B) to (A given not B) is not the same as what you get when you compare (not A given B) to (not A given not B). This is, IMHO, a big problem. There is no such problem with odds ratios.
Help! I have no clue what profession uses empirical probability. Linda in Nevada
ratio and gambling
The answer depends on that the problem is!
Theoretical probability.
With probability ratios the value you get to describe the strength of the relationship when you compare (A given B) to (A given not B) is not the same as what you get when you compare (not A given B) to (not A given not B). This is, IMHO, a big problem. There is no such problem with odds ratios.
Classical Probability!
The answer will be 1.
As the number of times that the experiment is conducted increases, the experimental probability will near the theoretical probability - unless there is a problem with the theoretical model.
every sector that wants to exploit the ignorant mass, (ab-)uses probability