An approach of assigning probabilities which assumes that all outcomes of the experiment are equally likely is referred to as the:

A) subjective approach
B) objective approach
C) classical approach
D) relative frequency approach

Classical Approach

A methodological approach in statistics that relies on theoretical probability distributions and assumptions for hypothesis testing and estimation.

Assigning Probabilities

The process of determining the likelihood of various outcomes in an experiment or situation.

Equally Likely

A situation where all outcomes of an experiment or event have the same probability of occurring.