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Q.

Axiomatic probability is also known as?

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a

Gamble’s axioms

b

David Aldous’s axioms

c

Kolmogorov’s three axioms

d

Thomas Bayes axioms

answer is C.

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Detailed Solution

Concept: A set of principles or axioms are established in axiomatic probability that apply to all types. Kolmogorov established these axioms, which are known as Kolmogorov's three axioms.

The probabilities of events occurring or not occurring can be quantified using the axiomatic approach to probability.

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