Statistics Homework Help

Statistics Homework Help

Discussion

There are three approaches to finding probability that you will discuss in this unit; theoretical probability, relative frequency probability, and subjective probability.

  1. From your own experience either personally or professionally, provide an example of when you have encountered or used theoretical probability. Describe the example and explain why it is theoretical probability.
  2. From your own experience either personally or professionally, provide an example of when you have encountered or used relative frequency probability. Describe the example and explain why it is relative frequency probability.
  3. From your own experience either personally or professionally, provide an example of when you have encountered or used subjective probability. Describe the example and explain why it is subjective probability.