4.
Distinguish between subjective and objective probabilities giving examples in each case.
Answers
Answer:
Objective probability is the probability an event will occur based on an analysis in which each measure is based on a recorded observation or a long history of collected data. In contrast, subjective probability allows the observer to gain insight by referencing things they've learned and their own experience.Based on or influenced by personal feelings, tastes, or opinions. Objective: (of a person or their judgement) not influenced by personal feelings or opinions in considering and representing facts
Step-by-step explanation:
objective/ subjective
Anything objective sticks to the facts, but anything subjective has feelings. Objective and subjective are opposites. Objective: It is raining. Subjective: I love the rain!
hope it will be help you
Answer:
Step-by-step explanation:
Objective probability is the probability an event will occur based on an analysis in which each measure is based on a recorded observation or a long history of collected data. In contrast, subjective probability allows the observer to gain insight by referencing things they've learned and their own experience.Based on or influenced by personal feelings, tastes, or opinions. Objective: (of a person or their judgement) not influenced by personal feelings or opinions in considering and representing facts
Step-by-step explanation:
objective/ subjective
Anything objective sticks to the facts, but anything subjective has feelings. Objective and subjective are opposites. Objective: It is raining. Subjective: I love the rain!
hope it will be help you