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#reading-9-probability-concepts

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 subjective probability. A probability obtained based on logical analysis is an a priori probability.

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**Summary **

ining 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. <span>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 subjective probability. A probability obtained based on logical analysis is an a priori probability. A probability of an event E, P(E), can be stated as odds for E = P(E)/[1 − P(E)] or odds against E = [1 − P(E)]/P(E). Probabilities that are inconsistent

ining 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. <span>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 subjective probability. A probability obtained based on logical analysis is an a priori probability. A probability of an event E, P(E), can be stated as odds for E = P(E)/[1 − P(E)] or odds against E = [1 − P(E)]/P(E). Probabilities that are inconsistent

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