Provide an appropriate response.
-Classify the statement as an example of classical probability, empirical probability, or subjective probability. The probability that interest rates will rise during the summer is 0.05.
A)subjective probability
B)classical probability
C)empirical probability

Question

Quizplus · Accepted Answer

This is an example of subjective probability because it is based on personal judgment or opinion rather than on exact calculations or specific past events.

Provide an Appropriate Response