Question: Choose the correct answer below. A. The statement does not make sense. No probability can be equal to 0.5. B. The statement does not make
Choose the correct answer below. A. The statement does not make sense. No probability can be equal to 0.5. B. The statement does not make sense. More information is needed before any estimate of probability can be calculated for this scenario. C. The statement makes sense. A subjective probability can be based on intuition, and it is reasonable to think that there is a 50% chance of the event described occurring. D. The statement does not make sense. Even if the event does not occur during the next 2 months, it is almost certain to occur at some point. Since time is infinite, a probability of 0.5 is too low
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
