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Glossary Statistics / Term

Equally Likely Outcomes

According to the equally likely outcome Theory of Probability, if an experiment has a finite number possible outcomes and there is no reason Nature should prefer any of those outcomes over any other (e.g., because the outcome is the result of rolling a symmetric die or tossing a perfectly balanced coin or thoroughly shuffling a deck of cards), then each of those possible outcomes has the same probability. See also Laplace's Principle of Insufficient Reason.

Permanent link Equally Likely Outcomes - Creation date 2021-08-07


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