Question

15. The probability that a recently offered stock by a technology company will double in
value within the next three months is 90%. The conclusion regarding this probability
estimate was reached based on the opinion of the experts in the technology field to
which this stock belongs and also on the belief of the experts. Estimating probability in
this way is an example of
(a) subjective probability.
(b) classical probability.
(c) joint probability.
(d) marginal probability.

16. The three main counting rules useful in determining probabilities are:
(a) permutations, combinations, and sample points.
(b) k‐step experiment, decision trees, and permutations.
(c) permutations, combinations, and k‐step experiments.
(d) permutations, combinations, and experimental outcomes.

Answer 1

a
b