which is not a method of estimating probability mcq
Answers
The answer is stated below:
Explanation:
There are 3 methods of the estimating or computing the probability, which are as follows:
1. Classical approach or method:
Under this approach or method, the probability is determined or evaluated, use all the probable outcomes or results which are known in advance and all the outcomes are equally likely.
2. Method of Relative Frequency
Under this approach or method, all the probable outcomes or consequences are not known in advance and the results also are not likely equal.
3. Subjective Method
Under this method, the probable consequences are not known in advance and all the outcomes are likely to be equal. Under this approach, there is no similarity of statistical data from the prior experiments.
4. Using Probabilities
Under this method, the probabilities could be used in order to assess or evaluate the risk, both in the chances as well as insurance of the event happening.
NOTE: The options are not mentioned. So, I am providing the methods which are considered while estimating the probability.
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Non-probability sampling method
Explanation:
- "Non-probability sampling" is where the samples are collected in a process which does not give all "individuals" in the "population" "equal chances" of being "selected".
- In this sampling technique wherein the researcher selects or picks samples based on the "subjective judgment" of the researcher instead of "random selection".
- This sampling technique relies heavily on the "researchers' expertise". It is undertaken by observation, & researchers adopt it widely for "qualitative research".
- Types of non-probability sampling methods are Consecutive sampling, Quota sampling, Judgmental or Purposive sampling, Snowball sampling, & Convenience sampling
To know more
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