Question

Probability Measurement . Please discuss the main ways to determine probability.

Answer must be 250 words long and lengthy!! No plagiarism!! Answer question completely!!

Answer 1

In mathematics, a probability measure is a real-valued functiondefined on a set of events in a probability space that satisfies measureproperties such as countable additivity.^[3] The difference between a probability measure and the more general notion of measure (which includes concepts like area or volume) is that a probability measure must assign value 1 to the entire probability space.

Intuitively, the additivity property says that the probability assigned to the union of two disjoint events by the measure should be the sum of the probabilities of the events, e.g. the value assigned to "1 or 2" in a throw of a die should be the sum of the values assigned to "1" and "2".

Probability measures have applications in diverse fields, from physics to finance and biology.