Subjective probabilities are
A)determined from actual data on part experiences.
B)used in the presence of uncertainty.
C)almost never used from decision making.
D)based on feelings or hunches.
E)c and d

Question

Quizplus · Accepted Answer

Subjective probabilities are based on feelings or hunches and are subjective in nature. They are used in situations where there is no actual data available or when the data is uncertain or incomplete. While actual data can be used to determine probabilities, it is not always available or reliable, and subjective probabilities are often used in decision making. Therefore, option D is the best choice.

Subjective Probabilities Are