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The CEO of Apple says there is an 80% chance that industry shipments will of smart...

The CEO of Apple says there is an 80% chance that industry shipments will of smart phones will double in the next three years. Is this a classical, relative or subject probability?

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Answer #1

ANSWER:

The CEO of Apple says there is an 80% chance that industry shipments will of smart phones will double in the next three years. Is this a classical, relative or subject probability?

Ans.) Subjective probability.

Explanation

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. It contains no formal calculations and only reflects the subject's opinions and past experience.

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