Introduction to Experimental and Theoretical Probability
In which of t...
Question
In which of the following scenario(s), we use experimental probability?
A
Forecasting weather
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B
Prescribing right medication
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C
Making bussiness decisions
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D
Optimizing profits
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E
All of the above
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Solution
The correct option is E All of the above On the basis of previously obtained data, we calculate the probability of an event in all of the given scenarios.
Hence, the probability of an event in the given circumstances belongs to the category of experimental probability.