What is statistical probability? What are the characteristics of statistical probability?
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A probability distribution is a table or an equation that links each outcome of a statistical experiment with its probability of occurrence. Consider a simple experiment in which we flip a coin two times. An outcome of the experiment might be the number of heads that we see in two coin flips.
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Probability is a number between 0 and 1, where, roughly speaking, 0 indicates impossibility and 1 indicates certainty. The higher the probability of an event, the more likely it is that the event will occur. A simple example is the tossing of a fair (unbiased) coin.
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