#reading-9-probability-concepts
The two defining properties of a probability are, first, that 0 ≤ P(E) ≤ 1 (where P(E) denotes the probability of an event E), and second, that the sum of the probabilities of any set of mutually exclusive and exhaustive events equals 1.
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Summary event will occur.
An event is a specified set of outcomes of a random variable.
Mutually exclusive events can occur only one at a time. Exhaustive events cover or contain all possible outcomes.
<span>The two defining properties of a probability are, first, that 0 ≤ P(E) ≤ 1 (where P(E) denotes the probability of an event E), and second, that the sum of the probabilities of any set of mutually exclusive and exhaustive events equals 1.
A probability estimated from data as a relative frequency of occurrence is an empirical probability. A probability drawing on personal or subjective judgment is a subjec Summary
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