Examlex
Which of the following types of system would you use to manage relationships with your customers?
P(B)
Represents the probability of an event B occurring in probability theory and statistics.
Classical Approach
A method or theory in economics and political philosophy centered around free markets, competition, and limited government intervention.
Relative Frequency Approach
A method of estimating probabilities based on the proportion of observed occurrences of an event relative to the total number of trials.
Subjective Approach
A method of decision making or analysis that is based on personal judgment, opinions, or preferences rather than objective data.
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