A telecommunications company is interested in determining the likelihood of a
New breakthrough technology being developed in the next ten years. What type of
Probability would they estimate?
A) Relative Frequency
B) Classical
C) Personal
D) Mathematical
E) Empirical

Question

Quizplus · Accepted Answer

Personal probability is used when estimating the likelihood of an event based on subjective judgment or opinion, such as predicting future technological breakthroughs.

A Telecommunications Company Is Interested in Determining the Likelihood of a