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Author Question: What method of probability assessment would most likely be used to assess the probability that a ... (Read 107 times)

lidoalex

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on: Jun 24, 2018
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


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morganmarie791

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Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

FALSE


lidoalex

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Reply 2 on: Jun 24, 2018
Excellent

T4T

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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