Business Studies, asked by ankamnaresh369, 1 year ago

What is the difference between objective and subjective probability?

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Answered by preet191
3
Objective probability is the probability that an event will occur based an analysis in which each measure is based on a recorded observation or a long history of collected data. ... Objective probabilities are a more accurate way to determine the probability of a given outcome than subjectivemeasurements.
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