Sunday, April 21, 2024

What is probability? It can be defined many ways



Probability pertains to a relative frequency of occurrence.

Probability is a logical relationship between evidence and belief.

Probability measures a subjective degree of belief.

Probability is a measure of the propensity to occur.

- From Willful Ignorance 


When we talk about probability, there is no simple definition. The above are four simple descriptions which provide insights on how to think about probability. It is work just sitting back and focusing on each one of the these. 



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