Independence: Difference between revisions
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2. ''Statistics.'' | 2. ''Statistics.'' | ||
In statistics, two events are independent if the outcome of one of the events has no effect on the probability of the other. | |||
For example, the outcomes of two successive flips of a fair coin. | |||
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* [[Central bank independence]] | * [[Central bank independence]] | ||
* [[Conflict of interest]] | * [[Conflict of interest]] | ||
* [[Independent]] | |||
* [[Independent events]] | * [[Independent events]] | ||
* [[Senior independent director]] | * [[Senior independent director]] | ||
Latest revision as of 09:54, 11 September 2022
1. Ethics.
Thinking and acting without the influence of others.
Independence is one of the fundamental principles of the ACT's Ethical Code, namely independence in making professional judgements and in giving opinions and statements.
2. Statistics.
In statistics, two events are independent if the outcome of one of the events has no effect on the probability of the other.
For example, the outcomes of two successive flips of a fair coin.
