The Long-Run Relative Frequency of an Event Based on the Assumption

question 52

Multiple Choice

The long-run relative frequency of an event based on the assumption of an infinite number of observations with no change in the underlying conditions is called

• A)objective probability.
• B)objective risk.
• C)subjective probability.
• D)subjective risk.

---

Definitions:

Affiliation

The need to form connections with others and be a part of groups, often driven by feelings of belongingness and love.

Extrinsic Goals

Financial success, popularity or fame, and image or physical attractiveness.

Financial Success

Achieving significant monetary gains or wealth, often measured by income, investments, and assets.

Physical Attractiveness

Refers to the degree to which a person's physical traits are considered aesthetically pleasing or beautiful by others.