Question

Which one of the following is a characteristic of the classical approach to probability? a. Probabilities are based on outcomes observed from past experiments. b. Probabilities assume outcomes of an experiment are equally likely.c. Probabilities are based on opinion. d. None of the above

Answer 1

b

Explanation:

Classical approach traces back to the field where probability was first systematically employed, which is gambling (flipping coins, tossing dice and so forth). Gambling problems are characterized by random experiments which have n possible outcomes, equally likely to occur. It means that none of them is more or less likely to occur than other ones, hence they are said to be in a symmetrical position.