When the results of experimentation or historical data are used to assign probability values, the method used to assign probabilities is referred to as the _____ method.
A) relative frequency
B) subjective
C) classical
D) posterior

Question

Quizplus · Accepted Answer

Relative frequency is a method of assigning probability values based on the observed frequency of an event occurring in a given sample or population. This method is grounded in empirical evidence and can be used in both experimental and historical contexts. The subjective method involves using personal judgments or opinions to assign probabilities and is therefore less reliable, while the classical method assumes that each possible outcome has an equal chance of occurring, which may not be true in all cases. The posterior method involves updating probabilities based on new information, and is not necessarily applicable for assigning initial probabilities.

When the Results of Experimentation or Historical Data Are Used