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Business statistics practice test MCQ: probability which is based on self-beliefs of persons involved in experiment is classified as with choices subjective approach, objective approach, intuitive approach and sample approach for online diploma courses, associate degree courses and university courses online learning with smart tutor portal. Free study guide is for online learning relative frequency quiz with MCQs to practice test questions with answers.

MCQ: Probability which is based on self-beliefs of persons involved in experiment is classified as

1. subjective approach
2. objective approach
3. intuitive approach
4. sample approach

A

MCQ: Important rules in computation of experimental outcomes includes

1. multiple experiments
2. permutations
3. combinations
4. all of above

D

MCQ: If probability of an event depends on repetitive observations that occurs in outcomes of experiment then this is classified as

1. fixed probability
2. non-relative probability
3. empirical probability
4. relative probability

C

MCQ: Type of probability approach in which event A is ratio explaining number of times event A is occurred in experiments is classified as

1. counted probability distribution
2. relative frequency approach
3. irrelative frequency approach
4. fixed probability distribution

B