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What is a real life situation involving subjective probability?
Wiki User
∙ 10y ago
Subjective probability is defined as a person's own judgment of what is or is not going to happen, which does not consist of any kind of mathematical or calculated basis. One situation in which subjective probability would be a factor would be in the stock market. If a person felt that a certain stock would plummet and just had a feeling about it, and sold that stock away, that decision would have been based on subjective probability.
Wiki User
∙ 10y ago
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What are real life examples of probability?
# of successes = probability or change total
Real life situation involving function examples?
Functions are an integral part of mathematics, and most students learn them from Algebra II and up. A real life example of a function would be the relation between the height of a ball and how long it has been in the air.
What is probability in everyday life?
Probability in real life can be said as something that usually happens. No one can predict the future, however; one can determine how likely it is that something will or will not happen.
What is the probability that the life of a single tire will be less than 39200 miles Sampling distribution mean life of 40000 miles with a standard deviation of 4620 miles?
The probability is 0.4312
Who uses probability?
No one! It's pointless in life and will get you nowhere.
Is how people interpret their situation in life and how they view what they are doing and how they perceive what is happening to them referred to as their objective meaning of life?
How people interpret their situation, how people view what they are doing, and how they perceive what is happening to them is subjective, so it would be their subjective meaning of life.
What is the difference between gossiping and talking about a situation involving someone?
Gossiping is when you talk about things your not sure of and if your spreading a rumor and talking about a situation that's involving someone is when your not spreading a rumor but you should not talk about people if they don't want to talk about it so do not invade their personal life because then they'll probably feel self conscious.
What are real life examples of probability?
# of successes = probability or change total
2 examples how the theory of probability is applied in real life situations?
how theory of probability used in real life
How will probability help me in life?
Probability is everywhere! If you are entering a raffle, wouldn't you like to know what the probability of you winning is? Or perhaps the lottery? If you need to pick a certain color marble out of a bag of marbles to win a prize, wouldn't you like to know the probability of picking the winning color? Probability is everywhere and can help you in life.
Can you give me an example of a real life situation involving quadratic functions?
Quadratic functions will be used in chemistry in real life. Quadratic equations are used to solve equilibrium problems and determine the amount of reactants in a mixture that will react and the concentrations of products that will be form.
Real life situation involving function examples?
Functions are an integral part of mathematics, and most students learn them from Algebra II and up. A real life example of a function would be the relation between the height of a ball and how long it has been in the air.
What is probability in everyday life?
Probability in real life can be said as something that usually happens. No one can predict the future, however; one can determine how likely it is that something will or will not happen.
Which best explains how this statement follows the conventions of memoir?
It describes the author's life in a subjective way-apex(Conventions of Memoir = more subjective than objective)
What is the probability that the life of a single tire will be less than 39200 miles Sampling distribution mean life of 40000 miles with a standard deviation of 4620 miles?
The probability is 0.4312
How is probability used in real life?
=Probability is used in many ways.==For example:==* gambling==*bettting odds==and anywhere in the world!=
What is the mathematical probability that there is life on other planets?
Seeing as there are 344 discovered planets, and Earth is the only one with life, there is a 1/344 probability so far. the more planets discovered without life, the less the chances are that there could be life on them
