Westonci.ca is your trusted source for finding answers to all your questions. Ask, explore, and learn with our expert community. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.
Sagot :
Probabilities that can be estimated from long-run relative frequencies of events are called objective probabilities.
What is Objective Probability?
In contrast to intuition or guessing, objective probability refers to the chances or odds that an event will occur based on the examination of certain measurements. Each metric is based on factual observation, a documented observation, or a long history of data collection.
Instead of being dependent on anecdotes, firsthand knowledge, or hunches, the objective probability is based on statistics, experiments, and mathematical measures. Using objective probability is crucial in the realm of finance to prevent making irrational investment decisions.
Learn more about Objective Probability here:
https://brainly.com/question/20715001
#SPJ4
Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.
