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Learn introduction to probability test MCQs: measure of chance of an uncertain event in form of numerical figures is classified as, with choices probability, variability, durability, and likelihood for business administration. Practice merit scholarships assessment test, online learning definition of probability quiz questions for competitive assessment in business majors for business administration certifications.

MCQ: Measure of chance of an uncertain event in form of numerical figures is classified as

1. probability
2. variability
3. durability
4. likelihood

A

MCQ: Approach in probability in which all outcomes from an experiment are equally likely to occur or are mutually exclusive is called

1. durable approach
2. permanent approach
3. temporary approach
4. classical approach

D

MCQ: If a coin is tossed one time then probability of occurrence of heads is

1. 1⁄2
2. 1⁄1
3. 2⁄1
4. 2⁄2

A

MCQ: Number of favorable occurrences are divided by total number of possible occurrences to calculate

1. probability of an event
2. total outcomes of an event
3. sample space of experiment
4. none of above

A