Which of the following is true of subjective probability? A.) it is a measure of the frequency of a certain event B.) it is a measure of the historical frequency of an uncertain event C.) It measures the degree of variation around the mean D.) it represents the decision maker’s best assessment, based on current information, of the likelihood of an uncertain event
Which of the following is true of subjective probability? A.) it is a measure of the frequency of a certain event B.) it is a measure of the historical frequency of an uncertain event C.) It measures the degree of variation around the mean D.) it represents the decision maker’s best assessment, based on current information, of the likelihood of an uncertain event
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter12: Probability
Section12.CR: Chapter 12 Review
Problem 8CR
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Which of the following is true of subjective probability ?
A.) it is a measure of the frequency of a certain event
B.) it is a measure of the historical frequency of an uncertain event
C.) It measures the degree of variation around the mean
D.) it represents the decision maker’s best assessment, based on current information, of the likelihood of an uncertain event
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