Skip to content
Economics Live

Economics Live

Because it's More than a Subject

  • Econometrics
  • Mathematical Economics
  • Micro Economics
  • Macro Economics
  • Public Economics
  • Contact us

probability definitions

Probability Definitions

by Economics Live

The term probability has been interpreted in terms of four definitions : 1. Classical Definition of Probability: the classical definition states that if an experiment consists of ’’ outcomes that are mutually exclusive, exhaustive, and equally likely and  of them ate the favorable outcomes of an event A then the … read more

Categories Econometrics Tags probability, probability definitions Leave a comment
  • About Us
  • Terms and Conditions
  • Disclaimer
  • Privacy Policy
  • Contact us
© 2025 EconomicsLive