The ______ is the measure of the chance that the event will occur as a result of and experiment. mutually exclusive probability of an event complement of event a relative frequency

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The probability is the measure of the chance that the event will occur as a result of and experiment. Mutually exclusive probability of an event complement of event a relative frequency.

What kind of probability is founded on the observed data?

  • Empirically (or experimentally), the probability of an event occurring is a "estimate" based on how frequently the event occurred after collecting data from an experiment in a significant number of trials.
  • These probabilities are based on real-world data.

What three forms of probability are there?

Three main categories of probability exist:

Probability in theory. Scientific Probability. Probability axiomatically.

Probability refers to the possibility that a specific occurrence will occur. Probability is the proportion of the number of likely outcomes to the total number of outcomes of an event.

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