Suppose the local government will determine if a contracting firm will be given a job based on rolling a fair die. If a four or above appears after the die has been rolled, the contracting firm will be given the job. The managers of the contracting firm will use ________ probabilities to estimate the likelihood that their firm will be given the job.

Question

Quizplus · Accepted Answer

Objective probabilities are used when the outcome can be determined by a logical or mathematical calculation, such as the likelihood of a specific result from rolling a fair die.

Suppose the Local Government Will Determine If a Contracting Firm