An approach of assigning probabilities that 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.

Question

An approach of assigning probabilities that 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.

Quizplus · Accepted Answer

The approach of assigning probabilities that assumes that all outcomes of the experiment are equally likely is referred to as the classical approach. This approach is based on the assumption of equal probability, and does not take into account any subjective or empirical considerations.

An Approach of Assigning Probabilities That Assumes That All Outcomes