When the results of experimentation or historical data are used to assign probability values, the is used to assign probabilities.
A)relative frequency method
B)subjective method
C)classical method
D)posterior method
E)none of the above

Question

Quizplus · Accepted Answer

The relative frequency method assigns probabilities based on the outcomes of past events or experiments, using historical data to determine the likelihood of future events.

When the Results of Experimentation or Historical Data Are Used