Discuss what is meant by the relative frequency assessment approach to probability assessment. Provide a business-related example,

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Discuss what is meant by the relative frequency assessment approach to probability assessment. Provide a business-related example, other than the one given in the text, in which this method of probability assessment might be used.
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Business Statistics A Decision Making Approach

ISBN: 9780133021844

9th Edition

Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry

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