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-Compare the relative frequency formula for finding probabilities to the classical formula for finding probabilities. How are the two formulas similar and how are they different? What special requirements does the classical approach have?

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The Answer is In the relative frequency formula, the probabilities are determined by conducting an experiment,
counting the number of occurrences of the event, and creating the ratio of number of occurrences to
number of times the experiment was conducted. In the classical approach, a sample space of all of the
possible simple events is created and the number of successes is compared to the number of different
simple events. In the classical approach, each outcome must be equally likely.

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