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How do you do you increase accuracy in a theoritcal or experimental probability?
You improve your model through a better understanding of the underlying processes. Although more trials will improve the accuracy of experimental probability they will make no difference to the theoretical probability.
A local weather forecaster is accurate 85 percent of the time when predicting precipitation for the day what is the probability that she will make the correct precipitation predictions 4 days in a row?
52%
Will learning about Probability Binomial and Poisson Probability Distributions using Excel make our studies easier?
If you're studying a subject involving or related to statistics and probability, then it will. If you're not, then it won't.
What is the probability that you toss a head or a tail?
Assuming a two-sided coin, and that you make the the toss, the probability of tossing a head or a tail is 100%. The probability of tossing a head is 50%. The probability of tossing a tail is 50%.
Why do you learn statistics for finance?
In Finance, people learn statistics so that they can be able to carry out essential financial calculations such as trend predictions. Statistical calculations can let people make forecasts using current figures.
