What Type of Probability Uses a Knowledge of Sample Spaces

question 77

Multiple Choice

What type of probability uses a knowledge of sample spaces as opposed to experiments to determine the numerical probability that an event will occur?

• A) classical probability
• B) conditional probability
• C) empirical probability
• D) subjective probability

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Definitions:

Depreciation

Depreciation is the accounting method of spreading out the cost of a tangible asset over its useful life, recognizing the asset's gradual loss of value over time.

Worker's Tools

Equipment and tools that are required and used by a worker to perform their job.

Administrative Facilities

Infrastructure and buildings utilized by an organization to support its administrative functions, including offices, headquarters, and other operational spaces.

Insurance Expired

The portion of an insurance premium that applies to the elapsed part of the policy period, representing the cost of coverage that has already been provided.