The ______________ Probability of an Outcome Is Obtained by Dividing

question 31

Multiple Choice

The ______________ probability of an outcome is obtained by dividing the frequency of occurrence of an eventby the number of trials of the experiment.

• A) Empirical
• B) Subjective
• C) Classical
• D) Conditional

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Definitions:

Advertised Product

An item or service marketed to potential customers through various media channels.

Salesperson

An individual who sells goods or services to customers, often working on behalf of a company or as an independent representative, aiming to meet sales targets and fulfill customer needs.

Marginal Enterprises

Businesses operating at the minimum level of profitability necessary to sustain operations.

Merchandise

Goods or products that are bought and sold in the course of business.