Which best exemplifies a subjective probability?
A) The probability that a female aged 30 will have an accident in a week's car rental at Hertz.
B) The probability that a pair of dice will come up 7 in a given throw.
C) The probability that the summer Olympic games will be held in Chicago in 2020.
D) The probability that a checked bag on Flight 1872 will weigh more than 40 pounds.

Question

Quizplus · Accepted Answer

Subjective probability is based on personal judgment or opinion rather than objective data. The probability of the Olympic games being held in a specific city is based on personal belief or speculation, not on statistical analysis.

Which Best Exemplifies a Subjective Probability