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What is your approximation of p

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A sample space has three possible outcomes, B, C, and D. It is known that P(C) = P(D). The operation of the chance mechanism is simulated 10,000 times (runs). The sorted frequencies of the three outcomes (B, C, and D) are: 2322, 2360, and 5318.

(a) What is your approximation of P(B)? To receive credit you must explain your answer.

(b) What is the best approximation of P(C)? To receive credit you must explain your answer.

Reference no: EM131554979

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