Is the Following an Example of Theoretical Probability or Empirical

question 1

Multiple Choice

Is the following an example of theoretical probability or empirical probability? A fisherman notes that eight out of ten times that he uses a certain lure he catches a fish within an hour. He concludes that the probability that the lure will catch a fish on his fishing next trip is about 80%

• A)Empirical
• B)Theoretical

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Definitions:

Employee Motivation

The level of enthusiasm, energy, and commitment that employees bring to their job, which can significantly affect their performance and productivity.

Feedback Strategy

A method or plan for providing constructive criticism and suggestions to improve performance.

Sales Representatives

Individuals who sell products or services on behalf of a company, often directly to customers.

Equity Theory

A theory of motivation that explains how individuals strive for fairness and justice in social exchanges or give-and-take relationships.