Asked by Bethany Jantes on Sep 25, 2024
Verified
The relative frequency approach to probability uses long term relative frequencies,often based on past data.
Relative Frequency Approach
A method of probability assessment that involves observing the outcomes of a random experiment to estimate the probability of each outcome by dividing the number of times a specific outcome occurs by the total number of trials.
Long Term
Referring to an extended period of time, typically considered to be several years or more.
Past Data
Refers to previously collected or observed data used for analysis, comparison, or prediction.
- Acquire knowledge of the foundational elements and techniques in probability, covering subjective, relative frequency, classical, and objective approaches.
Verified Answer
SP
Sreeza Pokharel1 day ago
Final Answer :
True
Explanation :
The statement accurately describes the relative frequency approach to probability, which relies on observed frequencies over a long period of time to estimate the probability of an event occurring in the future.
Learning Objectives
- Acquire knowledge of the foundational elements and techniques in probability, covering subjective, relative frequency, classical, and objective approaches.