Question

A jar contains red, yellow, and green marbles. Based on what you see in the jar you feel that the P(yellow) = 1/3. What type of probability is illustrated and why?

Answer 1

This is an example of subjective probability because it is based on personal judgment or a subjective assessment of the likelihood of an event occurring. The probability is not based on any objective data or calculation but rather on the observer's intuition or perception.