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Probability? i forget what this is called... its simple

by elegysix
Tags: called, forget, probability, simple
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Aug13-14, 08:10 AM
P: 344
Lets say I have an event that happened 500 times in 2000 trials.

Then I want to say the event has 1 in 4 ... what? chance? probability? relative frequency?

Its been years since I took a course on this stuff. I need the right words here.

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Aug13-14, 11:09 AM
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Yes, I would call it "relative frequency".
Aug13-14, 11:09 AM
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P: 1,377
The classical statement would be that the relative frequency estimate of probability is 500/2000 or 1/4.

Or you could simply say that the event occurred in 25% of the trials you observed.

What, exactly, are you looking to say?

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