Which of the following represents a subjective probability? Multiple Choice The probability of rolling a 2 on a single die is one in six. Based on past observation, a manager believes there is a three-in-five chance of retaining an employee for at least one year. Based on a conducted experiment, the probability of tossing a head on an unfair coin is 0.6. A skier believes she has a 10% chance of winning a gold medal.
Question
Which of the following represents a subjective probability?
Multiple Choice
The probability of rolling a 2 on a single die is one in six.
Based on past observation, a manager believes there is a three-in-five chance of retaining an employee for at least one year.
Based on a conducted experiment, the probability of tossing a head on an unfair coin is 0.6.
A skier believes she has a 10% chance of winning a gold medal.
Solution
The answer is: "A skier believes she has a 10% chance of winning a gold medal."
This is a subjective probability because it is based on the individual's personal and subjective judgment, not on any form of mathematical calculation or empirical observation. It is influenced by the individual's personal belief, intuition, or judgment. The other options are examples of objective probabilities, which are based on mathematical calculations or empirical observations.
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