Asked by
FELICITY TORRES
on Oct 17, 2024
Verified
Probability is the percentage of times that a specific result would occur if an individual were to make the same decision a large number of times.
Specific Result
A distinct outcome or effect that is the aim of an action or plan.
Large Number
A numeric value that is significantly larger than those found in everyday experiences, often requiring special mathematical concepts to understand and manipulate.
- Familiarize yourself with the ideas of objective and subjective probability and their roles in the process of making decisions.
Verified Answer
KS
Learning Objectives
- Familiarize yourself with the ideas of objective and subjective probability and their roles in the process of making decisions.
Related questions
An Expected Number of Attendees at a Conference Based on ...
Subjective Probability Is the Likelihood That a Specific Result Will ...
Probability Refers to the Condition Under Which Individuals Can Define ...
Probability of a Specific Event Is a Measure Between 0(impossible)and ...
Objective Probability Is the Likelihood That a Specific Result Will ...