Which of the following statements about probabilities is INCORRECT?
A)The sum of all probabilities of a particular event must sum to 100%.
B)Each possible outcome must have a non-negative probability.
C)Probability is a statistical tool for estimating future outcomes.
D)Probability is associated with an ex-post view.

Question

Quizplus · Accepted Answer

Probability is primarily associated with predicting future outcomes or understanding the likelihood of future events, not with an ex-post view, which refers to looking at events after they have occurred.

Which of the Following Statements About Probabilities Is INCORRECT