____ probabilities are estimated from past experience or judgment.
A) Risky
B) Subjective
C) Intuitive
D) Informal
E) Post hoc

Question

Quizplus · Accepted Answer

Subjective probabilities are based on personal judgment and can be influenced by individual beliefs, biases, and perceptions. These probabilities do not rely on formal mathematical or statistical calculations but are instead based on the evaluator's intuition and experience, making them inherently subjective.

____ Probabilities Are Estimated from Past Experience or Judgment