Suppose that P(A) = 0.03. Which of the following best describes event A?

Suppose that P(A) = 0.03. Which of the following best describes event A?

Event A will always occur.

Event A will not occur more often than it will occur, but it is very likely.

Event A will never occur

Event A is very unlikely, but it will occur once in a while in a long sequence of trials.