A Telecommunications Company Is Interested in Determining the Likelihood of a

question 20

Multiple Choice

A telecommunications company is interested in determining the likelihood of a
New breakthrough technology being developed in the next ten years. What type of
Probability would they estimate?

• A) Relative Frequency
• B) Classical
• C) Personal
• D) Mathematical
• E) Empirical

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Definitions:

Empirical Approach

A method of research that relies on direct and indirect observation or experience for the acquisition of knowledge.

Critical Thinking

The intellectual process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and evaluating information to reach a conclusion.

Introspection

The inspection or study of one's own psychological and emotional states.

Critical Thinking

The process of analyzing and evaluating information or arguments in a disciplined and reflective manner to arrive at a reasoned judgment.