Classify the statement as an example of classical probability, empirical probabi
ID: 3154217 • Letter: C
Question
Classify the statement as an example of classical probability, empirical probability, or subjective probability. Explain your reasoning. According to company records, the probability that a refrigerator will need repairs during a five-year period is 0.12. Choose the correct answer below. Classical probability because the probability is based on observations obtained from a probability experiment. Classical probability because each outcome in the sample space is equally likely. Empirical probability because the probability results from an estimate. Subjective probability because each outcome in the sample space is equally likely. Empirical probability because the probability is based on observations obtained from a probability experiment. Subjective probability because the probability results from an estimate.Explanation / Answer
As this is based on company history, then this is
OPTION E: Empirical probability because the probability is based on observations obtained from a probability experiment. [ANSWER]