Use the following information for questions:
For each situation, decide if the probability described is a subjective (personal) probability or a relative frequency probability.
-A recent college graduate claims he only has a 30% chance of finding a job in the next two months. The chance of 30% is a
A) subjective probability.
B) relative frequency probability.

Question

Use the following information for questions:
 For each situation, decide if the probability described is a subjective (personal) probability or a relative frequency probability.
-A recent college graduate claims he only has a 30% chance of finding a job in the next two months. The chance of 30% is a
A) subjective probability.
B) relative frequency probability.

Quizplus · Accepted Answer

This is a subjective probability because it is based on the individual's personal judgment or belief about the likelihood of finding a job, rather than on empirical data or statistical analysis.

Use the Following Information for Questions