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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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What does fair mean from a probability perspective?
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.
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 is thicker 003 or 005?
005 is thicker than 003
.005 is what percent?
.005= .5%
What is 005 equal?
005 = 5
What does the decimal figure .005 mean?
It means five thousandths.
What is the reciprocal of 005?
005 = 5 so the reciprocal of 005 = reciprocal of 5 = 1/5 = 0.2
What is 10e-005?
15
What is 3650 times 005?
3650 * 005 = 18,250
How much is 005 percent in percentages?
It is 005 percent!
What is x when x-0.5 percent equals 500?
x - 0.5% = 500x - .005 = 500x - .005 + .005 = 500 + .005x = 500.005Check:x = 500.005500.005 - 0.5% = 500500.005 - .005 = 500500 = 500So x - 0.5% = 500 when x is .005.
What does fair mean from a probability perspective?
From a probability perspective fair means equal probability.
What does it mean to find the probability of an event?
Read the introduction to probability and probability measures at StatLect.com
What is the decimal for 005 percent?
005% = 5% which, as a decimal is 0.05
