🟪 1-Minute Summary

There are three main types of probability: Classical (theoretical, based on equally likely outcomes), Empirical (based on observed data/experiments), and Subjective (based on judgment/belief). Data scientists primarily use empirical probability when working with real-world data.


🟦 Core Notes (Must-Know)

Classical Probability

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Empirical Probability

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Subjective Probability

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When to Use Each

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🟨 Interview Triggers (What Interviewers Actually Test)

Common Interview Questions

  1. “How would you estimate the probability of a customer churning?”
    • [Answer: Empirical probability from historical data]

🟥 Common Mistakes (Traps to Avoid)

Mistake 1: Using classical probability for real-world events

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🟩 Mini Example (Quick Application)

Scenario

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Solution

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