# Subjective Probability Examples

What is meant by subjective probability? Provide a definition and an example.

© BrainMass Inc. brainmass.com December 15, 2020, 10:49 am ad1c9bdddfhttps://brainmass.com/statistics/probability/subjective-probability-examples-10775

#### Solution Preview

1. What is meant by 'subjective probability'? Give a definition and an example.

Subjective Probability

A subjective probability describes an individual's personal judgment about how likely a particular event is to occur. It is not based on any precise computation but is often a reasonable assessment by a knowledgeable person.

A subjective probability describes an individual's personal judgment ...

#### Solution Summary

This solution explains the concept 'subjective probability' through definition and example.

$2.19