Equally likely outcomes have the same probability of occurring. For example, in tossing a fair coin, the outcome ‘head’ and the outcome ‘tail’ are equally likely. In this situation,
\(Pr(\text{head})\;=\;Pr(\text{tail})\;=\;0.5\).
Equally likely outcomes have the same probability of occurring. For example, in tossing a fair coin, the outcome ‘head’ and the outcome ‘tail’ are equally likely. In this situation,
\(Pr(\text{head})\;=\;Pr(\text{tail})\;=\;0.5\).