Asked by
Andressa Souza Costa Oliveira
on Oct 17, 2024
Verified
_____probability depends more on intuition and past experience than_____probability.
A) Subjective;objective
B) Objective;subjective
C) Certainty;uncertainty
D) none of these
Subjective Probability
An individual's personal judgment or belief about how likely an event is to occur, based on their own knowledge and experience.
Objective Probability
The likelihood of an event occurring based on factual and measurable data, independent of personal belief or bias.
- Understand the distinctions between subjective and objective probabilities and their influence on decision-making processes.
Verified Answer
JE
Learning Objectives
- Understand the distinctions between subjective and objective probabilities and their influence on decision-making processes.