This article aims to determine the category of a given statement and whether the given statement is an example of empirical, classical, or subjective probability. This article uses the concept of three types of probabilities. Classical probability Classical probability can only be used if a finite number of possibilities have the same probability. As such, it isn’t easy to find classic examples of probability in real life because most things in life do not have the same probability. You use classical probability when you’re guessing on a multiple-choice test. Let’s say you have four choices: $ A $, $ B $,$ C $, and $ D $. Each choice in the question has an equal chance of being correct, meaning you have a $ 25\% $ chance of getting the question right. Subjective probability Subjective probability is based on your belief. For example, you can “feel” a lucky streak. Empirical probability Empirical probability is based on experiments. You physically perform experiments and calculate a probability from your results.
November 28, 2022