Place your order now for a similar assignment and have exceptional work written by our team of experts, At affordable rates
In regards to the three types of probability (theoretical/classical, empirical and subjective) come up with made up examples for each probability that could potentially apply to real-world scenarios. Explain how knowing one of these probabilities would be helpful or beneficial to you in this made up example.
“Analytic predictive software“ is used in many fields including but not limited to sports, medicine, marketing and military planning among many others. Take a guess as to which of the three types of probabilities this type of software would fit into the best. This part can not have a wrong answer, you simply need to explain your justification for its classification
Note: for each example you must explain specifically why it fits into that classification of probability
******LENGTH : ONE **FULL***PAGE******
AUDIENCE: Assume the audience is a fellow classmate who missed this topic but is familiar with any of the other terms or topics we’ve covered that may come up in your writing.