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.
A family may deduct 24% of their childcare expenses from their income tax owed. If a family had $1,345 in childcare expenses, how much can they deduct? Find out 24% of $1,345 b
If I divide any number do I get the manservant 2 times
The Definite Integral Area under a Curve If there exists an irregularly shaped curve, y = f(x) then there is no formula to find out
$25/month; 6%(12); 3 years
I am greater than 30 and less than 40. The sum of my digits is less than 5. who am I?
need help to write Marketing research reprot about IBM company using spss (statistical program) to analys the given data about the company and write the report according to given i
There is a staircase as shown in figure connecting points A and B. Measurements of steps are marked in the figure. Find the straight distance between A and B. (Ans:10) A ns
Find out the volume of the solid obtained by rotating the region bounded by x = (y - 2) 2 and y = x around the line y = -1. Solution : We have to first get the intersection
a shopkeeper buys two cameras at the same price . he sells one camera at a profit of 18% and the other at a price of 10% less than the selling price of the first camera. find his p
Suppose a Ferris wheel with radius of 12 meters is rotating at a rate of 2 rotations per minute. a. How fast is a person rising when the person is 3 meters above the horizontal lin
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