This topic contains a solution. Click here to go to the answer

Author Question: What method of probability assessment would most likely be used to assess the probability that a ... (Read 93 times)

lidoalex

  • Hero Member
  • *****
  • Posts: 538
What method of probability assessment would most likely be used to assess the probability that a customer will return a purchase for a refund?
 
  A) Classical probability based on the ratio of the number of ways the event can occur
  B) Relative frequency based on previous history
  C) Subjective probability based on expert opinion
  D) Independent probability based on two unrelated outcomes

Question 2

A stem and leaf diagram is more appropriate for graphically displaying a joint frequency distribution than is a histogram since the stems can be used to display one variable while the leaves can be used to display the second variable.
 
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

morganmarie791

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

B

Answer to Question 2

FALSE




lidoalex

  • Member
  • Posts: 538
Reply 2 on: Jun 24, 2018
Excellent


sultana.d

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

For a complete list of videos, visit our video library