Flashcards in B Deck (4)
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1
Q
The two defining properties of probabilities
A
- 0.0<eq 1.0
(Read from inside out) The prob. of an E is equal or greater than 0 but equal or less than 1.
- SumP(E) = 1.0
The sum of probabilities is equal to one
2
Q
Empirical probabilities (objective: Does not vary between individuals)
A
Data: Estimated from data (historical events)
3
Q
Subjective probabilities
A
What do you think is going to happen?: Personal judgement
4
Q
A Priori probabilities (objective: Does not vary between individuals)
A
Deduce probabilities by logical analysis