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There Are Three Approaches to Determining the Probability That an Outcome

Question 55

Essay

There are three approaches to determining the probability that an outcome will occur: the classical, relative frequency, and subjective approaches. Which is most appropriate in determining the probability of the following outcomes?
a. A flipped coin will land on tails.
b. The probability of your favourite team winning the finals.
c. Five of the next 20 new cars sold in Adelaide will be imported cars.

Correct Answer:

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a. Classical.
b. Sub...

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