An event that will either occur or not

Reference no: EM131166945

Consider an event that will either occur or not.

For example, the event might be that California will experience a major earthquake in the next five years. You let p be the probability that the event will occur.

Does it make any sense to have a probability distribution of p? Why or why not?

If so, what might this distribution look like? How would you interpret it?

Reference no: EM131166945

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