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What does fair mean from a probability perspective?
From a probability perspective fair means equal probability.
The mean of a binomial probability distribution can be determined by multiplying?
The mean of a binomial probability distribution can be determined by multiplying the sample size times the probability of success.
What does probability level mean?
The probability level for an outcome is the probability that the outcome was at least as extreme as the one that was observed.
If the probability that it will snow tomorrow is 43 what is the the probability that it will not snow?
If you mean 43%, then the probability that it will not snow is 57%, 0.57 or 57/100.
What does it mean to find the compliment of the probability of an event?
The complement (not compliment) of the probability of event A is 1 minus the probability of A: that is, it is the probability of A not happening or "not-A" happening.The complement (not compliment) of the probability of event A is 1 minus the probability of A: that is, it is the probability of A not happening or "not-A" happening.The complement (not compliment) of the probability of event A is 1 minus the probability of A: that is, it is the probability of A not happening or "not-A" happening.The complement (not compliment) of the probability of event A is 1 minus the probability of A: that is, it is the probability of A not happening or "not-A" happening.
