b. At the beginning of the semester, John believes he has a 90% chance of receiving straight A’s.
multiple choice 2
Subjective probability
Empirical probability
Classical probability
In this scenario, John's belief about his chances of receiving straight A's is an example of subjective probability.
b. At the beginning of the semester, John believes he has a 90% chance of receiving straight A’s.
This scenario can be categorized as subjective probability.
The correct answer to this multiple-choice question is subjective probability.
Subjective probability refers to the personal belief or judgment of an individual about the likelihood of an event occurring. It is based on personal experience, perception, or intuition, rather than on a specific mathematical calculation or empirical data.
In this case, John's belief that he has a 90% chance of receiving straight A's is an example of subjective probability. It is based on his personal confidence or expectation, without any concrete evidence or statistical analysis.
To arrive at his subjective probability, John might have considered various factors such as his previous academic performance, study habits, motivation, understanding of the subject matter, and overall confidence in his abilities. However, it is important to note that subjective probability is subjective and can differ from person to person, as it is influenced by individual factors and perspectives.