Which of the following statements is false?
A)Some probabilities result from laws of nature; some reflect subjective beliefs about risky events.
B)The probability of any particular outcome is between 0 and 1.
C)The sum of the probabilities of all possible outcomes can exceed one.
D)The sum of the probabilities of all possible outcomes must equal exactly one.

Question

Quizplus · Accepted Answer

The sum of the probabilities of all possible outcomes cannot exceed one. This is known as the law of total probability, which states that the sum of the probabilities of all possible outcomes must equal exactly one. According to the axioms of probability theory, the sum of probabilities of all possible outcomes of an event must equal exactly one. Therefore, statement C, which says that the sum of probabilities of all possible outcomes can exceed one, is false.

Which of the Following Statements Is False