Which of the Following Is True About the Classical Definition

question 19

Multiple Choice

Which of the following is true about the classical definition of probability?

• A) It is based on judgment and experience.
• B) If the process that generates the outcomes is known, probabilities can be deduced from theoretical arguments.
• C) The probability that an outcome will occur is simply the relative frequency associated with that outcome.
• D) It is based on observed data.

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Definitions:

Auxiliary Petty Cash Record

A supplementary accounting register used to track small or incidental expenses paid out in cash, aiding the main petty cash system.

Petty Cash Voucher

A petty cash form to be completed when money is taken out of petty cash.

Petty Cash Account

A modest sum of money maintained for covering small or unexpected costs.

Auxiliary Petty Cash Record

A detailed record used alongside the main petty cash fund to track minor business expenditures.