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4 Tutorials that teach Relative Frequency Probability/ Empirical Method
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Relative Frequency Probability/ Empirical Method

Relative Frequency Probability/ Empirical Method

Author: Ryan Backman
Description:

This lesson will introduce experimental and subjective definitions of probability.

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Tutorial
TERMS TO KNOW
  • Subjective Probability

    Not a true probability model at all, this method assigns probabilities based on how likely an individual feels the event is.

  • Experimental Probability/Relative Frequency Probability/Empirical Method

    A way of assigning probabilities that states that the probability of an event is equal to the number of times it has occurred in identical trials of a chance experiment, divided by the number of trials of the chance experiment.