STT 201 Study Guide - Final Guide: Empirical Probability
20 Jul 2019
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Stt 201 lecture 71 subdivided into (1) classical probability and (2) empirical probability. Objective probability is subdivided into (1)_______________ probability and (2) empirical probability. classical. Objective probability is subdivided into (1) classical probability and (2) __________ probability. empirical a subdivision of objective probability which is based on the assumption that the outcomes of an experiment are equally likely. The occurrence of one event means that none of the other events can occur at the same time. At least one of the events must occur when an experiment is conducted. Collectively exhaustive second type of objective probability based on the number of times an event occurs as a proportion of a known number of trials. Empirical frequency (relative frequency) the probability of an event happening is the fraction of time similar events have happened in the past. Over a large number of trials the empirical probability of an event will approach its true probability.
