Posted by Morris on .
Which probability interpretation is most reasonable to use: relative frequency, subjective, or classical?
The probability your company's sales will exceed seven million dollars this year. Is this relative frequency?
The probability that the S&P will increase or decrease by at least 25 points in one day? Is this classical?
The probability that you will get a ticket if you drive 70 mph on the interstate between work and home this coming Tuesday. Is this relative frequency?