Abstract
The phrases ‘it is probable that’, ‘it is very likely that’, ‘there is virtually no chance’ are often used in conversation. They are used to describe events which could possibly happen. They represent our estimates of the probability of the events happening. They are sometimes based on personal feelings, but more often they are based on relative frequency, i.e. the proportion of times such an event has happened previously. These subjective or intuitive ideas of probability are basic and fundamental in life and they give rise to two definitions of probability which are now discussed.
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© 1968 Springer Science+Business Media New York
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Mulholland, H., Jones, C.R. (1968). Elementary Probability. In: Fundamentals of Statistics. Springer, Boston, MA. https://doi.org/10.1007/978-1-4899-6507-3_3
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DOI: https://doi.org/10.1007/978-1-4899-6507-3_3
Publisher Name: Springer, Boston, MA
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