Examlex
Suppose that we determine the probability of a warm winter based on the number of warm winters experienced over the past 10 years.In this case, we have used
Probability
A measure quantifying the likelihood of certain events to occur within a given set.
Prior Probabilities
Probabilities that are assigned to events before any empirical data is taken into account, often based on theoretical considerations or past experience.
Multiplication Rule
A principle in probability theory used to find the probability of two independent events occurring simultaneously.
Posterior Probabilities
The revised probabilities of events or hypotheses after taking into account new evidence or information.
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