menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Management Science Study Set 1
  4. Exam
    Exam 11: Probability and Statistics
  5. Question
    Subjective Probability Is an Estimate Based on Personal Belief, Experience
Solved

Subjective Probability Is an Estimate Based on Personal Belief, Experience

Question 18

Question 18

True/False

Subjective probability is an estimate based on personal belief, experience, or knowledge of a situation.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q13: Almost all of the data from a

Q14: Assume that X is a normally distributed

Q15: A continuous random variable may assume only

Q16: Deterministic techniques assume that no uncertainty exists

Q17: A succession of events that does not

Q19: The events in an experiment are _

Q20: _ is a measure of dispersion of

Q21: Two psychology majors, in two different

Q22: Jim is considering pursuing an MS in

Q203: Another name for the mean of a

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines