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A Probability May Be Interpreted as a Long Run _____________

question 47

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A probability may be interpreted as a long run _____________ frequency.


Definitions:

About Average

A term used to describe a value or performance that is near the middle or mean of a distribution or set of data.

Central Tendency

A statistical measure that identifies a single value as representative of the middle or centre of a distribution, commonly measured by mean, median, or mode.

Data

Information that has been translated into a form that is efficient for movement or processing.

Weighted Mean

An average where each data point contributes to the mean with a weight that reflects its importance or frequency.

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