Question

difference between classical approach and subjective approach ?
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Answer 1

Answer:

Classical approach: based on equally likely events. Relative frequency: assigning probabilities based on experimentation or historical data. Subjective approach: Assigning probabilities based on the assignor's (subjective) judgment.

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Answer 2

Answer:

Classical approach: based on equally likely events. Relative frequency: assigning probabilities based on experimentation or historical data. Subjective approach: Assigning probabilities based on the assignor's (subjective) judgment.

Explanation: