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GCSE Statistics · key term
The probability of a specified event occurring in a particular group, over a stated period where relevant. From collected data, it is estimated by dividing the number of times the event occurs by the total number of observations.
Used by Edexcel
Specification 3p.04 · Paper 1, Paper 2
Revise: Relative and absolute risksStatistics uses absolute risk to mean the probability of a specified event occurring in a particular group. Although everyday language often associates risk with something undesirable, the event can also be a success, such as passing a driving test.
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