1. Assigning probabilities by dividing the number of ways that an event can occu
ID: 3061092 • Letter: 1
Question
1. Assigning probabilities by dividing the number of ways that an event can occur by the total number of possible outcomes in an experiment is called A. B. C. D. classical probability empirical probability subjective probability None of the above 2. Using cumulated historical data to assign probabilities is called A. B. C. D. classical probability empirical probability subjective probability None of the above 3. Suzanne purchased a new microcomputer for each of her six staff employees Upon their arrival, the new computers were randomly assigned to the staff members One of the new computers was defective. The probability that Bill's new computer is defective is 1/6. This is an example of assigning probabilities by the method. A. classical probability B. empirical probability C. subjective probability D. None of the above 4. The method of assigning probabilities based on the insight or feelings of the person determining is called A. classical probability B. empirical probability C. subjective probability D. None of the aboveExplanation / Answer
1. Answer: Option (A) Classical Probability
since
If a random experiment (process with an uncertain outcome) can result in n mutually exclusive and equally likely outcomes, and if nA of these outcomes has an attribute A, then the probability of A is the fraction nA/n.
2. Answer: Option (B) Empirical Probabibility
since
The empirical probability, relative frequency, or experimental probability of an event is the ratio of the number of outcomes in which a specified event occurs to the total number of trials, not in a theoretical sample space but in an actual experiment.
3. Answer: Option (A) Classical Probability
4. Answer: Option (C) Subjective Probabiitiy
since
Subjective probability is a probability derived from an individual's personal judgment about whether a specific outcome is likely to occur. It contains no formal calculations and only reflects the subject'sopinions and past experience
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