Introduction to Management Science 12th Edition by Bernard Taylor

تمرين 9

Indicate which of the following probabilities are objective and which are subjective. (Note that in some cases, the probabilities may not be entirely one or the other.)
a. The probability of snow tomorrow
b. The probability of catching a fish
c. The probability of the prime interest rate rising in the coming year
d. The probability that the Cincinnati Reds will win the World Series
e. The probability that demand for a product will be a specific amount next month
f. The probability that a political candidate will win an election
g. The probability that a machine will break down
h. The probability of being dealt four aces in a poker hand