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:

Experience-Based

Approaches or practices that are grounded in and informed by direct observation, participation, or involvement.

Key Job Candidates

Individuals identified as having the essential qualifications and potential to fulfill critical roles within an organization.

Growth

An increase in the size, revenue, and capabilities of a business or an economy over time.

Development

The process of improving the capacity, skills, and abilities of employees through various learning methods for personal and organizational growth.