Probability Assessment and Subjective Probability

Discussion Board

Paragraph 1: Based on your experience thus far in this class, what is the probability that you will receive an “A” grade? Explain the factors you have used in arriving at this probability assessment.

• Paragraph 2: Do you believe that all students in your class will arrive at the same probability assessment that you have? Why or why not?
• Paragraph 3: Explain what is meant by subjective probability. Research the Internet, and provide a business-related example in which subjective probability would likely be used (be sure to cite your sources).
• Paragraph 4: Provide an example of when you have personally used subjective probability or how you might use it in the future.

Please do not use quotes or copy definitions. You will not receive credit for understanding the materials if you use the words of others. Keep in mind that since you did research and you have citations in the body of the post, you must also place a reference list at the end containing the textbook and the articles cited.

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