Objective Probabilities Are Based on ________ and ________ Frequencies

question 27

Multiple Choice

Objective probabilities are based on ________ and ________ frequencies.

• A)data; relative
• B)data; popular
• C)educated guesses; relative
• D)educated guesses; popular

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Definitions:

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize law among states.

Conflict-Of-Law

A legal discipline that addresses discrepancies and disputes involving the application of laws from different jurisdictions or countries.

International Law

A body of rules and principles that governs the relations and conduct of nations and international organizations.

Magnuson-Moss Act

A federal law enacted in 1975 that governs warranties on consumer products to protect consumers from deceptive warranty practices.