Which of the following statements about probabilities is INCORRECT? A
Which of the following statements about probabilities is INCORRECT?
A) The sum of all probabilities of a particular event must sum to 100%.
B) Each possible outcome must have a non-negative probability.
C) Probability is a statistical tool for estimating future outcomes.
D) Probability is associated with an ex-post view.
ANSWER
Answer: D
Explanation: D) Probability is associated with an ex-ante view.
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