An individual can assign a subjective probability to an event based on the individual's knowledge about the event.

Name: An individual can assign a subjective probability to an event based on the individual's knowledge about the event.
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Question

Quizplus · Accepted Answer

Subjective probability is based on an individual's personal judgment and experiences, and it can be influenced by their knowledge, beliefs, and biases. Therefore, an individual can assign a subjective probability to an event based on their knowledge about it.

An Individual Can Assign a Subjective Probability to an Event