What aspect of Probability reflects objective statistics over time?

The correct answer focuses on relative frequency, which is a key concept in probability that draws on actual occurrences of events over time. This approach involves observing how often particular outcomes happen when an experiment is repeated a large number of times, allowing for a reliable statistical representation of probabilities based on historical occurrences.

Relative frequency reflects objective statistics because it relies on data collected from real-world events, rather than personal beliefs or estimations about what might happen. By calculating the ratio of the number of times an event occurs to the total number of trials or observations, we create a more grounded understanding of the likelihood of future events based on past data.

Other options, such as subjective outcomes, typically represent individual beliefs or opinions about an event's likelihood rather than a measurable frequency derived from data. Historical analysis and case studies may encompass broader contexts or qualitative assessments but do not center solely on the statistical measure of how often an outcome occurs over time, which is the defining aspect of relative frequency in probability.