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ECONOMETRICS Definitions: Probablity Concepts

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ECONOMETRICS Definitions: Probablity Concepts
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Dr.Naga Rathinam
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ECONOMETRICS Definitions: Probablity Concepts - October 30th, 2011

Experiment. The term experiment will denote doing something or observing something happen under certain conditions, resulting in some final state of affairs or “outcome”.It might be said that an experiment is the process by which an observation is made. The performance of an experiment is called a trial of the experiment. The observed result, on a trial of the experiment, is formally called an outcome. The experiment may be physical,biological, social, or otherwise. It may be carried out in a laboratory, in a field trial, or in real-life surroundings, such as an industry, a community, or an economy
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What is a sample space and sample point?
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What is a sample space and sample point? - October 30th, 2011

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What is Event and Discrete Sample Space?
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What is Event and Discrete Sample Space? - October 30th, 2011

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