Which of the Following Is an Approach to Assigning Probabilities

question 156

Multiple Choice

Which of the following is an approach to assigning probabilities?

• A)Classical approach
• B)Relative frequency approach
• C)Subjective approach
• D)All of these choices are true.

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Definitions:

Checks

Checks are written, dated, and signed instruments that direct a bank to pay a specific amount of money from the writer's account to the person or entity in whose name the check has been issued.

Deposits

Funds placed into an account at a financial institution for safekeeping, which can be used for transactions or as savings.

Commission

A commission is a fee paid to an agent or employee for completing a transaction or service, usually calculated as a percentage of the sale or transaction value.

Reimbursing

The act of compensating someone for expenses they have incurred on your behalf.