document.write( "Question 802583: I have a quick question: What is the difference between classical probability, empirical probability or subjective probability? \n" ); document.write( "
Algebra.Com's Answer #483960 by stanbon(75887) ![]() You can put this solution on YOUR website! What is the difference between \n" ); document.write( "classical probability::: By definition P(event) = (# of ways to succeed)/(# of possible outcomes. \n" ); document.write( "----------------------- \n" ); document.write( "empirical probability::: You run an experiment with a coin. Based on \n" ); document.write( "observation you conclude P(heads) = # of heads you get/# of tosses of the coin \n" ); document.write( "----------------------- \n" ); document.write( "subjective probability::: You speculate that the probability it will rain \n" ); document.write( "tomorrow is 40% \n" ); document.write( "----------------------- \n" ); document.write( "Cheers, \n" ); document.write( "Stan H.\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |