Probabilities that can be estimated from long-run relative frequencies of events are called:
A) objective probabilities
B) subjective probabilities
C) complementary probabilities
D) joint probabilities

Question

Quizplus · Accepted Answer

Probabilities that can be estimated from long-run relative frequencies of events are called objective probabilities. This means that the probability is based on actual data and observations rather than personal opinions or beliefs (subjective probabilities). Complementary probabilities refer to the probability of an event occurring versus the probability of the event not occurring, while joint probabilities refer to the probability of two or more events occurring together.

Probabilities That Can Be Estimated from Long-Run Relative Frequencies of Events