Explain what is meant by subjective probability

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Reference no: EM13143967

* Based on your experience thus far in this class, what is the probability that you will receive an "A" grade?
* Explain the factors you have used in arriving at this probability assessment.
* Do you believe that all students in your class will arrive at the same probability assessment that you have? Why or why not?
* Explain what is meant by subjective probability. Research the Internet, and provide a business-related example in which subjective probability assessment would likely be used (be sure to cite your sources).
* Provide an example of when you have personally used subjective probability assessment or how you might use it in the future.

Reference no: EM13143967

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