Which of the Following Represents a Subjective Probability

question 79

Multiple Choice

Which of the following represents a subjective probability?

• A)The probability of rolling a 2 on a single die is 1 in 6.
• B)Based on a conducted experiment,the probability of tossing a head on an unfair coin is 0.6.
• C)A skier believes she has a 10% chance of winning a gold medal.
• D)Based on past observation,a manager believes there is a 3-in-5 chance of retaining an employee for at least one year.

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Definitions:

Sampling Variability

The extent to which the statistic obtained from different samples for the same population varies.

Sample Mean

The average value of a set of observations sampled from a larger population.

Normally Distributed

A data distribution that is symmetrically shaped like a bell curve, with most data points clustering around a central mean value.

Sampling Distribution

The probability distribution of a statistic based on a large number of samples or simulations.