Which of the following represents a subjective probability?
A)The probability of rolling a 2 on a single die is 1 in 6.
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 3-in-5 chance of retaining an employee for at least one year.

Question

Quizplus · Accepted Answer

A subjective probability is a probability that is determined subjectively, based on personal judgment, belief, or opinion. Choice C represents a subjective probability because it is based on the skier's personal belief about her chance of winning a gold medal. The other choices represent objective probabilities (based on statistical analysis or physical laws) or empirical probabilities (based on past observations or experiments).

Which of the Following Represents a Subjective Probability