Indicate whether classical, empirical, or subjective probability should be used

Question

Indicate whether classical, empirical, or subjective probability should be used to determine each of the following probabilities. a) The probability that I will draw three of a kind in a five-card hand. b) The probability that a company's new product will succeed. c) The probability that a city's population will increase by 3.5% next year. d) The probability that a certain actor will win the award. a) ine prooabilty that i wil araw tnree or a kina in a rive-cara nana is an exampie or wnicn type or propapilty O Subjective O Empirica O Classical b) "The probability that a company's new product will succeed" is an example of which type of probability? Empirical O Classical O Subjective c) "The probability that a city's population will increase by 3.5% next year" is an example of which type of probability? O Classical O Empirica O Subjective d) The probability that a certain actor will win the award is an example of which type of probability? O Classical O Empirical Click to select your answer

Explanation / Answer

a) Option - C) Classical

b) Option - C) subjective

c) Option - B) Emperical

d) Option - C) Subjective

                 

                       

              

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