Asked by
Ankit Kumar Garg
on Oct 17, 2024Verified
Objective probability is:
A) the likelihood that a specific result will occur,based on personal judgments.
B) the likelihood that a specific result will occur,based on hard facts and numbers.
C) the likelihood of both of these.
D) the likelihood of neither of these.
Objective Probability
A measure of the likelihood of an event occurring, based on factual data and statistical analysis rather than personal judgment.
Hard Facts
Evidence or data that is unambiguous and can be relied upon for its accuracy and solidity.
- Comprehend the disparities between subjective and objective probabilities and how they affect decision-making.
Verified Answer
SE
Learning Objectives
- Comprehend the disparities between subjective and objective probabilities and how they affect decision-making.