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Q: What is a subjective probability?
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Continue Learning about Statistics

What are the Three Approaches to finding a Probability?

1. subjective probability (intelligent guess) 2. relative frequency (in percent) 3. classical probability (in decimal)


What does unlikely mean in probability?

In common usage, unlikely means a low probability of occurrence. But as a term in mathematics, an unlikely event is not rigorously defined as a "low number" is subjective. Certainly, in a comparative sense, i.e. event A is less likely to occur than event B, we can state that the probability of occurrence of A is less than B.


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.


Is 1.001 a probability?

No 1.001 is not a probability. Probability can not be >1


If a coin is tossed 5 times what is the probability of getting tails no more then 2 times?

The probability is 0.5The probability is 0.5The probability is 0.5The probability is 0.5