Example: stock market
Notes on Probability Theory and Statistics
Frequency or a posteriori Probability : Is the ratio of the number αthat an event Ahas occurred out of ntrials, i.e. P(A)=α/n. Example: Assume that we flip a coin 1000 times and we observe 450 heads. Then the a posteriori probability is P(A)=α/n=450/1000 …
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