People Often Use Probability Statements to Describe Events That Can

question 22

Multiple Choice

People often use probability statements to describe events that can only happen once. For example, a political consultant may offer their opinion about the probability that a particular candidate may win the next election. Probability statements like these are based on ________ probabilities.

• A) frequency-based
• B) objective
• C) subjective
• D) universally known

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Definitions:

Engels

Friedrich Engels was a 19th-century German philosopher, social scientist, and author, who co-developed Marxist theory with Karl Marx.

Capitalism

An economic system based on private ownership of the means of production and their operation for profit, characterized by competitive markets and capital accumulation.

Communism

A political and economic ideology proposing a classless society in which all property is publicly owned and each person works and is paid according to their abilities and needs.

Social Inequality

The existence of unequal opportunities or rewards for different social positions or statuses within a society.