3 fill in the blank 2 points classify the following statement as an example of classical probability…
3 fill in the blank 2 points classify the following statement as an example of classical probability, empirical probability, or subjective probability. explain your reasoning. an analyst feels that a certain stocks probability of decreasing in price over the next month is 0.42. this is an example of choose your answer... probability, since choose your answer...
Answer
Brief Explanations:
Classical probability is based on equally - likely outcomes. Empirical probability is based on observed data. Subjective probability is based on personal judgment or opinion. Here, the analyst's assessment that a stock's probability of decreasing in price is 0.42 is based on their personal feeling, not on equally - likely outcomes or observed data.
Answer:
Subjective probability, since it is based on the analyst's personal judgment.