Relative Frequency of Probability
Key Pointers to study
The classical definition has limitations as studied above
The concept of Relative frequency was first developed by the British mathematicians in connection with the survival probability of a group of people.
If a random experiment is performed by repeating “n times” (under an identical set of conditions) then the probability of an event A can be defined as the limiting value of the ratio of event occurrence (fA) to a number of times, an experiment is being repeated(n).
This statistical definition is applicable if the above limit exists and tends to a finite value.
Demo Video for Accounts CA/CMA/CS/B.Com (Click Here)
Visit Website: COC Education

Comments
Post a Comment