An individual can assign a subjective probability to an event A based on the individual's knowledge about A as long as -1 ≤ P(A)≤ 1.

Name: An individual can assign a subjective probability to an event A based on the individual's knowledge about A as long as -1 ≤ P(A)≤ 1.
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Question

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Probabilities range from 0 to 1, where 0 means an event is impossible and 1 means an event is certain. Negative probabilities are not valid.

An Individual Can Assign a Subjective Probability to an Event