Relative frequency and probability are related concepts, but they are not exactly the same. Relative frequency refers to the proportion or fraction of times that an event occurs in a given set of data. It is calculated by dividing the frequency of the event by the total number of observations in the data set. For example, if we observe 50 heads in 100 coin tosses, the relative frequency of getting heads is 50/100 = 0.5 or 50%. Probability, on the other hand, refers to the likelihood or chance of an event occurring. It is a measure of how likely or unlikely an event is, and it is usually expressed as a number between 0 and 1 (or between 0% and 100%). Probability is calculated by dividing the number of favorable outcomes by the total number of possible outcomes. For example, the probability of getting heads on a fair coin is 0.5 or 50%.
The difference between relative frequency and probability is that relative frequency is based on observed data, while probability is based on a theoretical or assumed model of the underlying process. Probability is a mathematical concept that allows us to reason about the likelihood of events, even when we don't have access to the data or when the data is incomplete. Relative frequency, on the other hand, is a tool for analyzing the distribution of data and making inferences based on the observed patterns.
It is also incorrect for finding the expectation of a random variable from a relative frequency table. To find the expectation of a random variable, we need to multiply each value of the random variable by its corresponding probability and sum up the products. In a relative frequency table, the probabilities are given by the relative frequencies, which are obtained by dividing the frequency of each value by the total number of observations. Therefore, to find the expectation of a random variable from a relative frequency table, we need to first convert the table into a probability table by dividing the frequencies by the total number of observations.