MusicalGirl6900 MusicalGirl6900

08-11-2022
Geography

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the longer the wait for a large flood, the more likely its occurrence becomes. this is referred to as

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NomulaHarsh NomulaHarsh

12-11-2022

the longer the wait for a large flood, the more likely its occurrence becomes. this is referred to as cumulative probability

What is cumulative probability?

The possibility that an event will occur less frequently than or on par with a predetermined number of times is known as cumulative probability. It is calculated by summing the odds that the random variable will have values that are less than or equal to the given value.

A fundamental idea in statistics and probability theory is cumulative probability. Forecasting and modelling both heavily rely on it. As an illustration, it is used in finance to forecast the possibility that asset prices will fall within a specific range. Similar applications can be found in geology, biology, physics, information science, economics, and a number of other fields that model and predict using random variables.

Learn more about cumulative probability from the link below

https://brainly.com/question/19884447

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