The Method of Probability Assessment That Relies on an Examination

question 58

Multiple Choice

The method of probability assessment that relies on an examination of historical data from similar situations is:

• A) relative frequency of occurrence.
• B) classical assessment.
• C) historical assessment.
• D) subjective assessment.

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Definitions:

Values

Core beliefs or principles that guide and motivate attitudes and actions in individuals and organizations.

Socialization

The process by which individuals acquire the knowledge, skills, and behaviors that are necessary for functioning within a society or organization.

Pre-employment

Pertaining to processes or assessments that occur before an individual officially becomes an employee.

Psychological Contract

An unwritten agreement that sets out mutual expectations between employees and employers, including informal arrangements, perceived promises, and obligations.