1 vote

Probability based on insufficient data

In the field of statistics, this problem of determining how good a probability estimate will be is dealt with in a number of ways. There are numbers which can be calculated from a data set which place ...
1 vote

In the real world, is probability discrete or continuous?

Probability is calculated as the ratio of the number of favorable outcomes out of the number of mutually exclusive possible outcomes (which I'll refer to as x/n here). The answer to your question ...
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