A study was recently done in which 500 people were asked to indicate their preferences for one of three products.The following table shows the breakdown of the responses by gender of the respondents. If the people conducting the study wish to assess the probability that product A will be preferred by members of the target population,the method of assessment to be used would most likely be:
A)classical probability assessment.
B)subjective assessment.
C)relative frequency of occurrence.
D)independent events.

Question

A study was recently done in which 500 people were asked to indicate their preferences for one of three products.The following table shows the breakdown of the responses by gender of the respondents.  If the people conducting the study wish to assess the probability that product A will be preferred by members of the target population,the method of assessment to be used would most likely be:
A)classical probability assessment. 
B)subjective assessment. 
C)relative frequency of occurrence. 
D)independent events.

Quizplus · Accepted Answer

The most appropriate method to assess the probability of product A being preferred by members of the target population would be to calculate the relative frequency of occurrence of product A being preferred over the other products based on the responses collected from the 500 people in the study. This method involves using empirical data and actual occurrences rather than subjective judgment or theoretical assumptions. Therefore, option C) is the best choice for this scenario.

A Study Was Recently Done in Which 500 People Were