Identify and compare the three perspectives that can be used to define probability

What will be an ideal response?

The three perspectives that can be used to define probability are classical, relative frequency, and the subjective perspective. Classical probability deals with processes that generate outcomes that can be deduced from theoretical arguments. An example would be the outcomes expected from rolling two balanced number cubes. On the other hand, relative frequency and subjective probabilities are data-based probabilities. Relative frequency probability is based on empirical data while subjective probability is based on someone's judgment (subjective data). For most real-world statistical applications, relative frequency is used.