Question 1
When the results of experimentation or historical data are used to assign probability values, the method used to assign probabilities is referred to as the
◦
relative frequency method
◦
subjective method
◦
classical method
◦
posterior method
Question 2
Which of the following statements is always true?
◦
-1
P(Ei)
1
◦
P(A) = 1 - P(Ac)
◦
P(A) + P(B) = 1
◦
∑P
1