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Other Fields Homework Help Business Topic started by: stranahan on Nov 17, 2016



Title: Which of the following statements about probabilities is INCORRECT?
Post by: stranahan on Nov 17, 2016
Which of the following statements about probabilities is INCORRECT?
A) Probability is associated with an ex-post view.
B) Probability is a statistical tool for estimating future outcomes.
C) The sum of all probabilities of a particular event must sum to 100%.
D) Each possible outcome must have a non-negative probability.


Title: Re: Which of the following statements about probabilities is INCORRECT?
Post by: portalgoal! on Nov 17, 2016
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Title: Re: Which of the following statements about probabilities is INCORRECT?
Post by: stranahan on Jan 6, 2017
Thank you for  the help. I had a few questions on a few of them and this really confirmed my answers.