A student who has skipped many classes and not studied the course material was surprised to learn there was a test when he showed-up for class.The student's mental uncertainty about whether or not he will pass the test is called
A)objective risk.
B)objective probability.
C)subjective probability.
D)subjective risk.

Question

Quizplus · Accepted Answer

The student's mental uncertainty about whether or not he will pass the test is based on his personal perception of risk, not on any empirical data or objective factors. Therefore, it is an example of subjective risk.

A Student Who Has Skipped Many Classes and Not Studied