Which of the following represents a subjective probability?
A) The probability of rolling a 2 on a single die is one in six.
B) Based on a conducted experiment, the probability of tossing a head on an unfair coin is 0.6.
C) A skier believes she has a 10% chance of winning a gold medal.
D) Based on past observation, a manager believes there is a three-in-five chance of retaining an employee for at least one year.

Question

Quizplus · Accepted Answer

Subjective probability is based on personal judgment or opinion rather than on precise calculation or empirical evidence. Choice C, where a skier believes she has a 10% chance of winning a gold medal, is an example of subjective probability because it is based on the skier's personal belief rather than objective data.

Which of the Following Represents a Subjective Probability