Which of the following is an example of using the personal probability interpretation of probability?
A)Buying a lottery ticket every week and observing whether it is a winner.
B)Observing the percentage of time that all of the prices ring up correctly when you visit a certain store each week to do your shopping.
C)Deciding that your football team has a high chance of winning their next game.
D)All of the above are examples of using the personal probability interpretation.

Question

Quizplus · Accepted Answer

The personal probability interpretation refers to an individual's subjective belief in the likelihood of an event occurring. Deciding that a football team has a high chance of winning is an example of using personal probability because it is based on subjective belief rather than objective data or empirical evidence. Options A and B involve actual observations and data, which are not part of the personal probability interpretation. Option D includes all the options, but only one (Option C) meets the criteria of personal probability interpretation.

Which of the Following Is an Example of Using the Personal