Indicate whether classical, empirical, or subjective probability should be used
ID: 3366789 • Letter: I
Question
Indicate whether classical, empirical, or subjective probability should be used to determine each of the following probabities. a) The probability that a certain model will win the beauty contest b) The probability of there being at least 18.6 inches of rainfall next year in a certain country. c) The probability of selecting a red candy from a bowl of five red and six green candies. d) The probability that a certain actor will win the award. a) The probability that a certain model will win the beauty contest" is an example of which type of probablity? O Classical O Empirical O SubjectiveExplanation / Answer
Answer a: Subjective Probability
Reason:
Subjective Probability differs from person to person based on an? individual's past? experience, personal? opinion, and analysis of a particular? situation. For example, Man will walk on Mars within the next decade; A certain model will win a beauty contest
Answer b: Empirical Probability
Reason
Empirical Probability is based on observed data. For example, according to weather forecasts, there will be at least 18.6 inches of rainfall next year in a certain country.
Answer c: Classical Probability
Reason:
Classical probability is the statistical concept that measures the likelihood (probability) of something happening. The probability of a simple event happening is the number of times the event can happen, divided by the number of possible events (outcomes).
Answer d: Subjective Probability
Reason:
Subjective Probability differs from person to person based on an? individual's past? experience, personal? opinion, and analysis of a particular? situation.