Suppose That the Probability of One Event Is Known from the Method

question 64

Multiple Choice

Suppose that the probability of one event is known from the method of equal alternatives, and the probability of a second event is known from intuitive judgment.Can the probability of both events occurring be determined through the operation of conjunction?

• A)No, because no operation in probability calculus can be used with events that have probabilities which were established by different methods.
• B)No, because conjunction cannot be used with events that have probabilities which were established by different methods.
• C)No, because probabilities established by the method of equal alternatives are far more precise than those established by intuitive judgment.
• D)Yes, but the resulting probability would be wildly inaccurate.
• E)Yes, because the method by which probabilities were established has nothing to do with whether or not they can be conjoined.

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Definitions:

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A state in which demand and supply are balanced, often resulting in a stable market condition where there is no tendency for change until external factors intervene.

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