QUESTION 3 Suppose you want to see if the game of roulette is really fair. This

Question

QUESTION 3 Suppose you want to see if the game of roulette is really fair. This is a game of chance where a ball is spun around in a wheel with numbered slots from 00 to 36 and the object is to guess which slot the ball will fall in. You and several friends agree to watch thousands of games of roulette and count the number of times the ball fals in each slot and divide the counts by the total number of games watched. What definition of probability are you using to assign probabilities to each of the numbers? O contemporary 0 derivative 0 classical (or acomatic) O subjective (or Bayesian) O relative or long-run frequency

Explanation / Answer

In the example given the probability is not assigned as per theoritical calculations but based on observations or empirical data.

Therefore, the type of probability used is

Relative or long run frequency.

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