Subjective probabilities are useful in certain management decision procedures because they express an individual's degree of belief about the chance that an event will occur.

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Subjective probabilities can help in decision making by providing a way for individuals to assess their personal belief or level of confidence about a specific outcome or event. This can be useful in situations where there is uncertainty or incomplete information, allowing managers to make more informed and nuanced decisions.

Subjective Probabilities Are Useful in Certain Management Decision Procedures Because