Question

Long-time friends Pat and Tom agree on many things, but not the outcome of a certain baseball league's pennant race and championship series. Pat is originally from Boston, and Tom is from New York. They have a steak dinner bet on next year's race, with Pat betting on the team from Boston and Tom on the team from New York. Both are convinced they will win.

*Select from bolded choices in Part A

A.) The friends are using ["subjective probability", "classical probability", "relative frequency"]   assessment because the    ["outcomes are based on what each friend wants to occur.", "probability depends on how many times each team has won in the past.", "outcomes that one of the teams wins are equally likely."]      

B.) Why would the relative frequency technique not be appropriate?

a. "Over time, the number of games played each year has changed, so the frequency is not relative."

b. "Since only one team can win each year, the events that one of the teams wins are mutually exclusive."

c. "Another team could win, so the events that one of the teams wins are independent, not mutually exclusive."

d. "Winning one year and winning the next year may be dependent, but winning 20 years ago and winning next year are not."

Answer 1

A)

Subjective probability is a type of probability derived from an individual's personal judgment or own experience about whether a specific outcome is likely to occur.

Here, it is the case where a person from Boston thinks his team will win and a person from New york think his team will win.

subjective probability and outcomes are based on what each friend wants to occur.

B)

The relative frequency technique would not be appropriate here because only one team can win each year, the events that one of the teams wins are mutually exclusive.

Option B is the right answer.