Principles of Statistical Analysis-MGT 215 Homework 2: Chapters 5 me Date ill in

Question

Principles of Statistical Analysis-MGT 215 Homework 2: Chapters 5 me Date ill in the space. 1. A is a value between zero and one, inclusive, describing the relative chance or likelihood an event will occur. is a collection of one or more outcomes of an experiment. 3. Using the viewpoint, the probability of an event happening is the fraction of the time similar events happened in the past. viewpoint, the probability of an event happening 4. Using the uted by dividing the number of favorable outcomes by the number of possible outcomes , then the occurrence of one 5. If several events are described as -- event means that none of the other events can occur at the same time

Explanation / Answer

1.

A probability is a value between ...

2.

An events space is a collection of one or more...

3.

Using the bayesian viewpoint, the probability of an event ...fraction of the times similar events happened in the past.

4.

Using the frequentist statistics viewpoint, the...dividing the number of favorable outcomes by the number of possible outcomes.

5.

If several events are described as dependent, then the occurence of one event means that none of the other events can occur at the same time.

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.