Question: The difference between classical and empirical probability isthat classical probability assumes that certain outcomes areequally likely (such as the outcomes when a die is rolled),

The difference between classical and empirical probability isthat classical probability assumes that certain outcomes areequally likely (such as the outcomes when a die is rolled), whileempirical probability relies on actual experience to determine thelikelihood of outcomes.

Which form do you think we use mostly when it comes to business?Or in our personal life?

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