Question

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Explain the method of estimating the value of using Probability theory

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Answer 1

Answer:

αηsωεя :

There are three ways to assign probabilities to events : classical approach, relative-frequency approach, subjective approach.

In statistics, the method of moments is a method of estimation of population parameters.

It starts by expressing the population moments (i.e., the expected values of powers of the random variable under consideration) as functions of the parameters of interest.

Those expressions are then set equal to the sample moments.

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Answer 2

Answer:

Step-by-step explanation:

Probability theory, a branch of mathematics concerned with the analysis of random phenomena. The outcome of a random event cannot be determined before it occurs, but it may be any one of several possible outcomes. The actual outcome is considered to be determined by chance.