When the assumption of equally likely outcomes is used to assign probability values, the method used to assign probabilities is referred to as the _____ method.

A) relative frequency
B) subjective
C) probability
D) classical

Question

James Sweeney · Accepted Answer

Final Answer : D, Explanation :  The method used to assign probabilities based on the assumption of equally likely outcomes is referred to as the classical method. This method is appropriate in situations where every outcome is equally likely. The other options, such as relative frequency and subjective methods, are used in different scenarios.

When the assumption of equally likely outcomes is used to assign probability values, the method used to assign probabilities is referred to as the _____ method.

A) relative frequency
B) subjective
C) probability
D) classical

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Learning Objectives

Related questions

When the assumption of equally likely outcomes is used to assign probability values, the method used to assign probabilities is referred to as the _____ method.A) relative frequencyB) subjectiveC) probabilityD) classical

Definitions

Learning Objectives

Learning Objectives

Related questions

When the assumption of equally likely outcomes is used to assign probability values, the method used to assign probabilities is referred to as the _____ method.

A) relative frequency
B) subjective
C) probability
D) classical