THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The production manager at a local manufacturing plant is concerned about work stoppages in the four production lines.In particular,the manager is evaluating the likelihood of the next stoppage occurring on production line 1.
-Based on previous stoppage records,the manager figures that the probability that production line 1 is stopped next is 25%.This is an example of:
A)subjective probability.
B)classical probability.
C)relative frequency probability.
D)Bayesian probability.

Question

Quizplus · Accepted Answer

Relative frequency probability is based on historical data or past records, as in this case where the probability is determined from previous stoppage records.