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How is the term probability related to genetics?
The term probability is related to genetics because they both give guesses about how something that might be the outcome of something
What is downside probability?
This is a very simple statistic to comprehend and to calculate. It takes the frequency distribution method of calculating probability. The statistic is calculated as This statistic is simple to interpret as well. What it calculates is the probability of the portfolio to get a negative return. It can be comprehended that a higher figure would mean a higher probability of fund to do give negative returns.
How do you give the probability of a sum?
You find the event space for the random variable that is the required sum and then calculate the probabilities of each favourable outcome. In the simplest case it is a convolution of the probability distribution functions.
How do you Give the probability in simplest form?
First you have to give the probability as a fraction. Then, you can simplify it by dividing the numerator and denominator by a number until it is reduced to the simplist terms For example, 40/50 can be reduced to 4/5 chance- but it is still the same
Is probability an exact science?
Probability means Chance...in the name itself it explains.... Well, we can tell probability is an exact science only when, the data and logic and external dependent variables are exactly defined before going to calculation... If we do all the above exactly, the result will give exact chance or probability....for your need.. But in reality it is very hard to obey all the formulations of data in a series...only experts can do... I am also like to enjoy the real exact probability theory...
