Asked by
Sharena Venz Avila
on Oct 30, 2024
Verified
Subjective probability ________.
A) can have all probabilities deduced from theoretical arguments because the process that generates the outcomes is known
B) is based on personal judgment
C) is the same as conditional probability
D) is based on experimental data
Subjective Probability
An individual's personal and subjective assessment of the likelihood of an event occurring, based on their own knowledge and judgment rather than on statistical analysis.
Personal Judgment
Personal Judgment involves making decisions or forming opinions based on individual assessment and intuition, rather than solely on data.
Theoretical Arguments
Reasoning based on hypothetical constructs and principles, often used to explain or predict phenomena beyond empirical observations.
- Attain an understanding of the distinct versions of probability, which include classical, empirical, subjective, and conditional.
Verified Answer
GH
Learning Objectives
- Attain an understanding of the distinct versions of probability, which include classical, empirical, subjective, and conditional.