Examlex
According to the text,which of the following statements about the impact of technology on personal selling is true?
Relative Frequency Approach
A method of estimating probabilities based on the proportion of observed occurrences of an event relative to the total number of trials.
Subjective Approach
A method of decision making or analysis that is based on personal judgment, opinions, or preferences rather than objective data.
Simple Event
An event consisting of only one outcome in a probability experiment.
Sample Space
The set of all possible outcomes of a random experiment or event.
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