There are three types of probabilities: Classical, Relative, and Subjective. We also cover three methods of counting: Fundamental Counting Rule, Permutations, and Combinations. Discuss each of these briefly, compare/contrast, and provide situational example for each.

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There are three ways to assign probabilities to events i classical approach ii relativefrequency approach iii subjective approach i Classical approach If there are n simple outcomes in an experiment t... View the full answer