If you were planning to take a small group out to dinner on a Thursday evening and you were considering whether to call ahead for a reservation, the method of probability assessment you would most likely use to assess the chances of being able to get in for dinner without having a reservation would be subjective assessment.

Question

Quizplus · Accepted Answer

Subjective assessment involves using personal judgment and experience to estimate the likelihood of an event, such as estimating the chances of getting a table without a reservation based on factors like the day of the week, the popularity of the restaurant, and past experiences.

If You Were Planning to Take a Small Group Out