What is meant by subjective probability

Assignment Help Basic Statistics
Reference no: EM131651559

Question: Discuss what is meant by subjective probability. Provide a business-related example in which subjective probability assessment would likely be used. Also, provide an example of when you have personally used subjective probability assessment.

Reference no: EM131651559

Questions Cloud

Describe a theory of motivation in the workplace : Describe a theory of motivation in the workplace and how it can effectively increase employees engagement and/or workplace productivity
Consider the various styles of followership : Consider the various styles of followership, and apply these concepts to either of the following motion pictures / movies: The Hunger Games
Discusses guidelines for managing information security risks : Information Security Management- Poduce a report that discusses the guidelines for managing the information security risks of the organisation.
Incorporating corporate social responsibility : Find an example of a sports organization that is incorporating corporate social responsibility (CSR) into its operations and overall management.
What is meant by subjective probability : Discuss what is meant by subjective probability. Provide a business-related example in which subjective probability assessment would likely be used.
Accordance with programming language : In accordance with programming language practice, computing the expression should not change the values of its operands.
Explain perspectives in psychology align with action plan : Explain how fundamental theories and perspectives in psychology align with your action plan
What is the probability of getting a perfect score : What is the probability of getting a perfect score if you were forced to guess at each question?
Analyzing opportunities for organizational development : From what you read in the "Analyzing Opportunities for Organizational Development Work at Northern County Legal Services" case study

Reviews

Write a Review

Basic Statistics Questions & Answers

  Does rudeness really matter in the workplace

Conduct a statistical analysis (at α = .01) to determine if the true mean performance level for students in the rudeness condition is lower than the true mean performance level for students in the control group.

  Write an overall interpretation of the results of the study

Perform an ANOVA, fill out a summary table, and write an interpretation of the analysis at this point.-If appropriate, calculate HSDs for all pairwise comparisons.Write an overall interpretation of the results of the study.

  What is probability the system works under given conditions

What is the probability the system works under these conditions? The probability A works is .90 and the probability B functions is also .90.

  What are the mean and standard deviation of the amount

What are the mean and standard deviation of the amount he might spend in two consecutive days?- What assumption did you make in order to find that standard deviation? Are there any reasons you might question that assumption?

  Find historical proportion of customer delight for b of a

The true proportion of all current B of A customers who would respond with a 9 or 10. Are we 95 % confident that this proportion exceeds .48 the historical proportion of customer delight for B of A?

  Do you think the article correctly interprets the data

Does it display percentages or counts?- Does the accompanying article tell the W s of the variable?- Do you think the article correctly interprets the data? Explain.

  The mean square error from the anova is determined to be

suppose there is sufficient evidence to reject ho u1u2u3 using a one-way anova. the mean square error from the anova is

  The mean age at which men in the united states marry for

the mean age at which men in the united states marry for the first time follows the normal distribution with a mean of

  The economic policy institute periodically issues reports

the economic policy institute periodically issues reports on wages of entry level workers. the institute reported that

  Draw the directed graph of relation

Given the set A = {1, 2, 3} and the set S = {(x, y) | x and y in A}. Consider the relation ≤ defined on S as follows: ((x1, y1) ≤ (x2, y2) if x1 ≤ x2 and y1 ≤ y2. Draw the directed graph of this relation. Show that it is a partial order. Explain why ..

  An object is in simple harmonic motion find an equation

an object is in simple harmonic motion. find an equation for the motion given that the frequency is 4pi and at time t

  Explain how you would simulate given situation

Explain how you would simulate this situation.- Carry out the simulation, and estimate the probability that a participant will be identified as gifted.

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd