A method of assigning probabilities based upon judgment,opinions,and available information is referred to as the ________.
A)empirical method
B)probability method
C)classical method
D)subjective method

Question

Quizplus · Accepted Answer

The term "subjective" implies that the probabilities are based on subjective opinions and judgment, rather than objective data or mathematical calculations. The other choices (empirical, classical, and probability methods) generally rely on more objective data and mathematical formulas.

A Method of Assigning Probabilities Based Upon Judgment,opinions,and Available Information