1.

Write down Posterior/Statistical definition of Probability.

Answer»

Let a random experiment be repeated n times essentially under identical conditions. Let m of these repetitions results in the occurrence of an event A. Then, the probability of event A is the limiting value of the ratio m/n as n increases indefinitely.

\(That \,is, P(A)= \lim\limits_{n \to \infty} \frac{m}{n}\)

Here, it is assumed that a unique limit exists.



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