Classify each statement as an example of classical probability, empirical probability, or subjective probability. a. The probability that a student will get a C or better in a statistics course is about 70 % . b. The probability that a new fast-food restaurant will be a success in Chicago is 35 % . c. The probability that interest rates will rise in the next 6 months is 0.50 . d. The probability that the unemployment rate will fall next month is 0.03 . | Numerade

Classical Probability | Formula, Approach & Examples

Briefly explain the three approaches to probability. Give one example of each approach. | Numerade