Classify the statement as an example of classical probability, empirical probability, or subjective probability.The probability that cab fares will rise during the winter is 0.05.
A) subjective probability
B) classical probability
C) empirical probability

Question

Quizplus · Accepted Answer

This is a subjective probability because it is based on personal judgment or opinion rather than on exact calculations or specific past events.

Classify the Statement as an Example of Classical Probability, Empirical