What is a conditional probability? 8. What is the rare event rule? 9. What is the...

Question

Question

What is a conditional probability?

8. What is the rare event rule?

9. What is the law of large numbers?

Answer 1

Answer #1

conditional probability will measures of probability of an event occurring given that another event has already occurred.

8)

Rare event rule:

It states that if we made assumption and if the probability of that observed event is very small then the assumption made by us is incorrect.

9)

Law of large numbers:

In probability, it is a theorem that states result of performing the same experiment for several times or a large number of times

Answer 2

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