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Briefly describe the differences among theoretical, relative frequency, and subjective techniques for finding probabilities. Give an example of each.
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Answered 1 year ago
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1 of 4Theoretical probability is anchored on the assumption that all the possible outcomes of the experiment are equally-likely to happen/occur. For example, when a six-sided number cube is rolled, it is assumed that the possible outcomes are all equally-likely outcomes so .
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