I a Subjective Probability Can Be Assigned to an Event

question 112

Multiple Choice

i. A subjective probability can be assigned to an event by an individual based on the individual's knowledge about the event.
ii. The probability that you would assign to the likelihood that the Hamilton Tiger Cats will be in the
Grey Cup this season must be between 0 and 10.
Iii) A probability is a number from -1 to +1 inclusive that measures one's belief that an event resulting from an experiment will occur.

• A) (i), (ii) and (iii) are all correct statements
• B) (i) and, (ii) are correct statements but not (iii).
• C) (i) and, (iii) are correct statements but not (ii).
• D) (ii) and, (iii) are correct statements but not (i).
• E) All statements are false

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Definitions:

Queue Discipline

Refers to the rules or policies used to determine the order in which entities (such as people, data packets, or products) are served or processed in a queueing system.

Finite Arrival Population

A scenario in queueing theory where the number of potential arrivals to a system is limited or fixed.

Copy Machines

Devices used for reproducing documents or images by means of photocopying.

Finite Population

A set of data or a population that is limited or fixed in size, often used in statistical analysis to apply different formulae compared to an infinite population.