An approach of assigning probabilities which assumes that all outcomes of the experiment are equally likely is referred to as the:

A. subjective approach.
B. objective approach.
C. classical approach.
D. relative frequency approach.


Analysis:
A. Incorrect. It is referred to as the classical approach.
B. Incorrect. It is referred to as the classical approach.
C. Correct. It is referred to as the classical approach.
D. Incorrect. It is referred to as the classical approach.
ANSWER : C

Business

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