Subjective probability is:
A) the likelihood that a specific result will occur,based on personal judgments.
B) the likelihood that a specific result will occur,based on hard facts and numbers.
C) the likelihood of both of these.
D) the likelihood of neither of these.

Question

Quizplus · Accepted Answer

Subjective probability is based on personal judgments or opinions, rather than on objective data or statistical analysis. It involves assessing the likelihood of an event based on individual beliefs or experiences, rather than on hard facts or numbers. Therefore, option A is the best choice.

Subjective Probability Is