Subjective Probability Assessments Depend on

question 43

Multiple Choice

Subjective probability assessments depend on

• A)the total number of trials.
• B)the relative frequency of occurrence.
• C)the number of occurrences of the event.
• D)experience and judgment.
• E)None of the above

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Definitions:

Received

Pertains to goods, services, or payments that have been accepted or taken in by an individual or organization.

Bought

The past tense of buy, referring to the acquisition of goods or services in exchange for money.

Efficiency

Efficiency refers to the ability to accomplish a task or produce a desired outcome with the minimum amount of waste, expense, or unnecessary effort.

Goals and Tasks

Objectives that an organization or individual plans to achieve, along with the specific actions required to attain them.