Question: Assignment Classify the following statement as an example of classical probability, empirical probability, or subjective probability. Explain your reasoning. According to company records, the probability

Assignment

Assignment Classify the following statement as an example of classical probability, empirical

Classify the following statement as an example of classical probability, empirical probability, or subjective probability. Explain your reasoning. According to company records, the probability that a washing machine will need repairs during a six-year period is 0.17. This is an example of probability, since the stated probability is calculated based on observations from the company records. it deals with a continuous period rather than a fixed number of trials. a washing machine is as likely to need repairs as it is to not need repairs. each washing machine has an equal chance of needing repairs during the period. the stated probability is most likely based on intuition, an educated guess, or an estimate

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