SOLUTION: I have a quick question: What is the difference between classical probability, empirical probability or subjective probability?
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Question 802583: I have a quick question: What is the difference between classical probability, empirical probability or subjective probability? Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! What is the difference between
classical probability::: By definition P(event) = (# of ways to succeed)/(# of possible outcomes.
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empirical probability::: You run an experiment with a coin. Based on
observation you conclude P(heads) = # of heads you get/# of tosses of the coin
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subjective probability::: You speculate that the probability it will rain
tomorrow is 40%
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Cheers,
Stan H.
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