Which of the Following Is an Approach to Assigning Probabilities

question 156

Multiple Choice

Which of the following is an approach to assigning probabilities?

• A)Classical approach
• B)Relative frequency approach
• C)Subjective approach
• D)All of these choices are true.

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Definitions:

Ethical

Ethical refers to principles that define behavior as right, good, and proper, often applied in moral philosophy or professional standards.

Ethical Relativism

The belief that morals are not absolute but vary with different societies and cultures.

Morality

Pertains to the principles concerning the distinction between right and wrong or good and bad behavior.

Relative

A person connected to another or others by blood or marriage, or a concept that is considered in relation or proportion to something else.