Which of the following statements are true? 1. The classical approach to probability theory requires that the total number of possible outcomes be known or calculated and that each of the outcomes be equally likely. 2. A marginal probability is also known as unconditional probability. 3. For three independent events, the joint probability of the three events, P (ABC) = P (A) × P (B/A) × P (C/AB) 4. Two events are mutually exclusive, exhaustive and equally likely, the probability of either event A or B or both occurring P(A or B) = P(A) + P(B)

Answer: Option C