Which of the following is an example of the subjective interpretation of probability?
| Last year 8% of the people in your neighborhood were summoned for jury duty, so you conclude that your probability of being summoned this year is 0.08. |
| One of the 25 students in class will be called on randomly to answer a question. The probability this will be you is therefore 0.04. |
| There are two thousand tickets entered in the raffle. You have six tickets entered, so your probability of winning the raffle is 6/2000. |
| You like chocolate, so you believe there is a .7 probability that you will enjoy a new candy bar. |
Answer
We know that subjective probability is defined as the opinion made by individual based on their past experience.
In option A, population proportion is given, so its not individual's opinion.
In option B, sample size of 25 students included, so its not individual's opinion.
In option C, sample of 2000 tickets is used, so its not individual's opinion.
In option D, individual's opinion about chocolate is used and then a statement is made based on past experience. So, option D is correct answer
Which of the following is an example of the subjective interpretation of probability? Last year 8%...