When an event occurs at a frequency of 95%, its probability value is .05.

Question

Quizplus · Accepted Answer

The statement in the question is incorrect. When an event occurs at a frequency of 95%, its probability value is actually 0.95 (or 95/100). The probability value represents the likelihood of an event occurring, and it ranges from 0 (impossible) to 1 (certain). In this case, the event is quite likely to occur, so its probability value is relatively high.

When an Event Occurs at a Frequency of 95%, Its