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Relative Frequency Probability/Empirical Method

Author: Katherine Williams
Video Transcript
Terms to Know
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.

Subjective Probability

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

Formulas to Know
Experimental Probability/Relative Frequency Probability/Empirical Method

P left parenthesis E right parenthesis space equals space fraction numerator n u m b e r space o f space t i m e s space E space o c c u r s over denominator n u m b e r space o f space t r i a l s end fraction