A person was trying to figure out the probability of getting two heads when flipping two coins. He flipped two coins 25 times, and in 6 of these 25 times, both coins 6. landed heads. On the basis of this outcome, he claims that the probability of two heads is 5 or 24%. Is the 25: or 24%, an estimated probability or the true value of the probability? Explain. Choose the correct answer below. O A. It is the true value of the probability because it is based on an experiment. O B. It is an estimated probability because it is based on an experiment. O C. It is an estimated probability because it is based on the relative frequency at which an event happens after infinitely many repetitions. O D. It is the true value of the probability because it is not based on an experiment.
Compound Probability
Compound probability can be defined as the probability of the two events which are independent. It can be defined as the multiplication of the probability of two events that are not dependent.
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Probability theory is a branch of mathematics that deals with the subject of probability. Although there are many different concepts of probability, probability theory expresses the definition mathematically through a series of axioms. Usually, these axioms express probability in terms of a probability space, which assigns a measure with values ranging from 0 to 1 to a set of outcomes known as the sample space. An event is a subset of these outcomes that is described.
Conditional Probability
By definition, the term probability is expressed as a part of mathematics where the chance of an event that may either occur or not is evaluated and expressed in numerical terms. The range of the value within which probability can be expressed is between 0 and 1. The higher the chance of an event occurring, the closer is its value to be 1. If the probability of an event is 1, it means that the event will happen under all considered circumstances. Similarly, if the probability is exactly 0, then no matter the situation, the event will never occur.
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