Math, asked by nyamitijohn218, 20 days ago

With reference what you have leant in business mathematics and statistics. Describe five kind of theory of probability

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Answered by LaviLa

Answer:

Probability is the branch of mathematics concerning the occurrence of a random event, and four main types of probability exist: classical, empirical, subjective and axiomatic. ... Probability is synonymous with possibility, so you could say it's the possibility that a particular event will happen. There are many events you can't predict with total certainty, but you can predict the chances of an event happening.

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