Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Subjective Probability
Probability may be determined by a personal statement of how likely an outcome is in a single trial or repetition of the same experiment.
Since subjective probabilities are based on personal judgement, they are peculiar to the individual making the decision. The probability statement depends upon the individual's experience and his familiarity with the facts of the case. Two decision makers with the same amount of information would make different subjective probability estimates of the occurrence of a particular event.
Example
An expert analyst of share prices may give his judgement that the price of ACC shares has a 20% probability of increase i.e., by Rs.500 or more in the next two months, a 60% probability of increase i.e., by less than Rs.500 in the next two months and a 20% probability of remaining unchanged or registering a slight fall.
2x40 420x4 7x240 84x20 Explain how three expressions are equivalent.
I have 6 cups of patatos that I have to share with 13 friends write that as the nearest hundredth
a car comes to a stop from a speed of 30m/s in a distance of 804m. The driver brakes so as to produce a decelration of 1/2m per sec sqaured to begin withand then brakes harder to p
A small airplane used 5and2over3 gallons of fuel to fly a 2 hour trip.how many gallons were used each hour
two circle of radius of 2cm &3cm &diameter of 8cm dram common tangent
1. Calculate the annual interest that you will receive on the described bond-A $500 Treasury bond with a current yield of 4 .2% that is quoted at 106 points? 2. Compute the tota
a) Determine the distance traveled among t = 0 and t =∏/2 by a particle P(x, y) whose position at time t is given by Also check your result geometrically. (5) b) D
48 more than the quotientvof a number and 64
Advantages of decision trees 1. This clearly brings out implicit calculations and assumptions for all to see question and revise 2. This is simple to understand Disadvan
defination of uper boundarie .
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd