2 a) Explain the approaches to define probability. b) State the addition and multiplication rules of probability giving an example of each case. (a) Explanation of the approaches to define probability b) Addition and multiplication rules of probability giving an example of each)
Answer:- a) Explanation of the approaches to define probability
There are four approaches to define Probability. They are as follows:
1) Classical / mathematical / priori approach
2) Statistical / relative frequency / empirical / posteriori approach
3) Subjective approach
4) Axiomatic approach
1) Classical / mathematical / priori approach (more…)
