Essay Available:
Pages:
1 pages/≈275 words
Sources:
0
Style:
APA
Subject:
Mathematics & Economics
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.32
Topic:
Type of Probabilities
Essay Instructions:
There are three types of probabilities discussed in your readings. They are classical probability, empirical probability, and subjective probability.
From your own experience either personally or professionally, provide an example of when you have encountered or used each of the three types of probability: classical, empirical, and subjective. Start with a description of the type of probability, then be sure to include your example for each type.
Essay Sample Content Preview:
Type of Probabilities
Students Full Name
Institutional Affiliation
Course Full Name
Professor Full Name
Due Date
Type of Probabilities
Probability means the extent to which something may happen. It has been integrated into math to predict how likely events occur. It is a field of mathematics dealing with the occurrence of random events. A value indicates the probability of an event happening; the value is always expressed from zero to one. There are three types of probabilities subjective, classical, and empirical probability. Classical or theoretical probability is a type of probability based on formal reasoning. For instance, if I roll a dice, the top of the dice could be any number on the dice (1, 2, and 3, 4, 5, 6).
Additionally, when I toss an unbiased coin, an equal probability exists that the toss will indicate either the tail or head. Secon...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now: