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"The measure of chance of an uncertain event in the form of numerical figures is classified as" Multiple Choice Questions (MCQ) on definition of probability with choices probability, variability, durability, and likelihood for online business management classes. Solve definition of probability quiz questions for merit scholarship test and certificate programs for free online classes.

MCQ: The measure of chance of an uncertain event in the form of numerical figures is classified as

1. probability
2. variability
3. durability
4. likelihood

A

MCQ: The approach in probability in which all outcomes from an experiment are equally likely to occur or are mutually exclusive is called

1. durable approach
2. permanent approach
3. temporary approach
4. classical approach

D

MCQ: If a coin is tossed one time then the probability of occurrence of heads is

1. 1⁄2
2. 1⁄1
3. 2⁄1
4. 2⁄2

A

MCQ: The number of favorable occurrences are divided by the total number of possible occurrences to calculate

1. probability of an event
2. total outcomes of an event
3. sample space of experiment
4. none of the above

A