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The value of such a probability is calculated by the following simple formula: It is also otherwise known as a statistical probability which is derived from the past records. It is used in homework problems, viz.
The formula of computing such probability is as follows: A probability which [EXTENDANCHOR] calculated on the basis of some historical data, common experience, recorded evidence, or rigorous analysis is called objective probability.
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In homework assignments, the probability of probability can be two or more, specified in advance or uncertain. In homework, a random experiment contains all of the three outcomes.
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