Introduction to Statistic

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Francisco J. Samaniego

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Summary Stochastic Modeling and Mathematical Statistics, ISBN: 9781466560475 introduction to statistic
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25

August 2021

2015/2016
If all outcomes in the sample space are equally likely, the following definition of probability applies: The probability of an event E, which is a subset of a finite sample space S of equally likely outcomes, is given by p(E) = |E|/|S|. Probability values range from 0 (for an event that will never happen) to 1 (for an event that will always happen whenever the experiment is carried out).
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