Which of the Following Represents an Empirical Probability

question 99

Multiple Choice

Which of the following represents an empirical probability?

• A)The probability of tossing a head on a coin is 0.5.
• B)The probability of rolling a 2 on a single die is 1 in 6.
• C)A skier believes she has a 0.10 chance of winning a gold medal.
• D)Based on past observation,a manager believes there is a 3-in-5 chance of retaining an employee for at least one year.

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Definitions:

Accounts Credited

Accounts that have been increased in a double-entry bookkeeping system due to the recording of revenues, gains, liabilities, or owner's equity.

Accounts Debited

Refers to the entries made on the left side of an account, signifying an increase in assets or expenses or a decrease in liabilities, equity, or revenue.

Horizontal Analysis

A method of financial examination that looks at past financial data across multiple reporting periods to detect patterns and trends in growth.

Income Statements

A financial statement that shows a company's revenues, expenses, and profits or losses over a particular period.