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Natalie Espinoza
on Oct 17, 2024

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_____probability depends more on past records and facts than_____probability.

A) Subjective;objective
B) Objective;subjective
C) Certainty;uncertainty
D) none of these

Subjective Probability

An individual's personal estimate of the chance of occurrence of a particular event.

Objective Probability

The likelihood of an event occurring based on a calculation from available data, independent of personal thought or opinion.

  • Learn the differences between subjective and objective probabilities and their impact on decision-making.
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LB
London Butze-BullockOct 19, 2024
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