Chance events, Advanced Statistics

Assignment Help:

Chance events: According to the Cicero these are events which occurred or will occur in ways which are the uncertain-events which may happen, may not happen, or may happen in some or the other way.

Cicero's classification of such events is close to one dictionary de?nition of chance namely, 'the incalculable element in the existence which renders events unpredictable'. But for Leucippus (the circa 450 B.C.) the operation of possibility was associated with some hidden cause and such a view was held broadly in the middle ages where possibility had no place in the universe, rather all events were thought of as predetermined or fixed by God or by extrinsic causes determined by God. But in 20th century the deterministic view of the universe was overthrown by the successful and flourishing development of quantum mechanics with its central tenet being that it is impossible to predict the exact outcome of an atomic (or the molecular) system and where this uncertainty or doubt is not due to measurement error or experimental clumsiness but is a fundamental feature of the basic physical laws themselves. 

 

 


Related Discussions:- Chance events

Group divisible design, Group visible design is an arrangement of the v mn ...

Group visible design is an arrangement of the v mn treatments in b blocks such that: * Each block comprises k distinct treatments k5v; * Each treatment is replicated r number

Quantitative, How has quantitative analysis changed the current scenario in...

How has quantitative analysis changed the current scenario in the management world today?

Explain multiple comparison tests, Multiple comparison tests : Procedures f...

Multiple comparison tests : Procedures for detailed examination of the differences between a set of means, generally after a general hypothesis that they are all equal has been rej

Describe item-total correlation, Item-total correlation is an  extensively...

Item-total correlation is an  extensively used method for checking the homogeneity of the scale made up of number of items. It is simply the Pearson's product moment correlation c

Decision theory, A unified approach to all problems of prediction, estimati...

A unified approach to all problems of prediction, estimation, and hypothesis testing. It is based on concept of the decision function, which tells the performer of experiment how t

Half-normal plot, Half-normal plot is a  plot for diagnosing the model inad...

Half-normal plot is a  plot for diagnosing the model inadequacy or revealing the presence of outliers, in which the absolute values of, for instance, the residuals from the multipl

Likelihood, Likelihood is the probability of a set of observations provide...

Likelihood is the probability of a set of observations provided the value of some parameter or the set of parameters. For instance, the likelihood of the random sample of n observ

Find the expected value of perfect information, You may have the opportunit...

You may have the opportunity to buy some electronic components. These components may be reliable (1) or unreliable (2). The potential pro?ts are £10,000 if the components are rel

Bivariate survival data, Bivariate survival data : The data in which the tw...

Bivariate survival data : The data in which the two related survival times are of interest. For instance, in familial studies of disease incidence, data might be available on the a

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd