Asked by
florence nsamba
on Oct 14, 2024
Verified
The sum of the probabilities of all possible outcomes of a trial must be 1.What rule or law is this?
A) The Law of Large Numbers
B) The Probability Assignment Rule
C) The Total Probability Rule
D) The Rule of Law
E) The Law of Averages
Probability Assignment Rule
A principle that assigns probabilities to outcomes of a random experiment, ensuring the sum of the probabilities equals one.
Total Probability Rule
A fundamental rule in probability theory that allows for the calculation of the total probability of an outcome by considering all possible ways that outcome can occur.
Law of Large Numbers
A statistical principle that states that as a sample size grows, its mean gets closer to the average of the whole population.
- Acquire an understanding of the principle of probability and its role in quantifying event likelihoods.
Verified Answer
KD
Learning Objectives
- Acquire an understanding of the principle of probability and its role in quantifying event likelihoods.