A method of assigning probabilities based on historical data is called the _____ method.
A) classical
B) subjective
C) relative frequency
D) progressive

Question

Quizplus · Accepted Answer

The relative frequency method uses historical data to determine the likelihood of future events occurring. This is based on the observed frequency of past events and is a commonly used method in statistics for assigning probabilities. Classical probability is based on theoretical analysis and assumes that all outcomes are equally likely. Subjective probability is based on an individual's personal beliefs or opinions and can vary widely between people. Progressive probability is not a recognized method of assigning probabilities.

A Method of Assigning Probabilities Based on Historical Data Is