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Introduction to Probability
Subjective Probability
Subjective probability, is simply an educated guess
regarding the chance that an event will occur. It is the
least precise type of probability.
Experimental Probability
In experimental probability, if E is an event, then P(E),
read “the probability that E occurs,” is given by
f
P E
n
where f is the frequency of event E and
n is the total number of times the experiment is
performed.