Suppose you want to see if the game of roulette is really fair. This is a...
Suppose you want to see if the game of roulette is really fair. This is a game of chance where a ball is spun around in a wheel with numbered slots from 00 to 36 and the object is to guess which slot the ball will fall in. You and several friends agree to watch thousands of games of roulette and count the number of times the ball falls in each slot and divide the counts by the total number of games watched. What definition of probability are you using to assign probabilities to each of the numbers?
A contemporary
B subjective (or Bayesian)
C relative or long-run frequency
D derivative
E. classical (or axiomatic)
Homework Answers
Correct option:
C relative or long-run frequency
Explanation:
In this experimentation, in order to verify the probabiity of the ball falling in each of the slot is the same, we conduct a lerge number of experiments on the roultte wheel under identical conditions and calculate the long run probability by dividing the count of the number of times the ball falls in each slot by the total number of games watched.
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