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Earn +20 ptsQ: What atmost means in probability?
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What does fair means in probability?
From a probability perspective fair means equal probability.
What does and mean in probability?
It means multiply, Probaility of A and B means probability of A multiplied by probability of B.
What does fair mean from a probability perspective?
From a probability perspective fair means equal probability.
When probability is less then 0 what happen?
Probability can not be less than 0 or greater than 1. A probability of 0 means there is no possibility whatsoever of an event occurring. A probability of 1 means that the event is guaranteed to occur no matter what.
What does it mean to have a probability of 0.05?
It means that there is a probability or chance of 0.05 or 1 in 20 of observing the relevant event.
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