Which of the following is true of classical probability?

A) It is based on theoretical arguments.
B) It is determined by historical data and past outcomes.
C) It is based on experimental data.
D) It is based on personal judgment.

Classical Probability

A theory of probability based on equally likely outcomes, where the probability is determined by the ratio of favorable outcomes to the total number of possible outcomes.

Theoretical Arguments

Reasonings or propositions based on abstract principles and logic, often used in scholarly or analytical discussions to explain or predict phenomena.

Historical Data

Records of past events and conditions, used as a reference for research, analysis, planning, or forecasting.