The numerical value given to the likelyhood of the occurrence of an event is called................

Related MCQs

• A set of events are said to be ...................... , if the occurrence of one of them excludes the possibility of the occurrence of the other.
• An event whose occurrence is inevitable is called ......................................
• An event whose occurrence is impossible, is called ......................
• An event whose occurrence is neither sure nor impossible, is called ...........................
• An event consisting of those elements which are not in the given event is called.............
• If it is known that an event A has occurred, the probability of an event B given A is called ............................
• .............................. refers to the chance of happening or not happening of an event.
• Probability of an event lies between ................................
• Chance for an event may be expressed as .................
• A _________ is a decision support tool that uses a tree-like graph or model of decisions and their possible consequences, including chance event outcomes, resource costs, and utility.