If the given probability statement is objective or subjective.

Question

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Answer 1

Question

Chapter 11, Problem 1P

a)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

a)

Expert Solution

Explanation of Solution

Statement:

The probability of snow tomorrow.

Correct answer:

The given probability statement is “subjective” in nature.

There is no surety that it will snow tomorrow. The probability is subject to change depending on the weather conditions. Therefore, the probability is subjective in nature.

b)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

b)

Expert Solution

Explanation of Solution

Statement:

The probability of catching a fish.

Correct answer:

The given probability statement is “subjective” in nature.

The probability of catching a fish is not a surety and hence termed as subjective in nature. It is subject to change depending on catching the fish or not.

c)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

c)

Expert Solution

Explanation of Solution

Statement:

The probability of the prime interest rate rising in the coming year.

Correct answer:

The given probability statement is “subjective and also objective” in nature.

The given probability statement can be both subjective and objective in nature. The idea of prime interest rating increasing the coming year could have been estimated with the help of background data and can be termed as objective. Even after computation, the event must occur for the statement to be true. Hence, the given statement can be termed as both objective and subjective.

d)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

d)

Expert Solution

Explanation of Solution

Statement:

The probability that the Team CR will win the World Series.

Correct answer:

The given probability statement is “subjective” in nature.

The probability of Team CR winning the world series is subject to change depending on their performance and cannot be termed as a definite occurrence. Hence, the given statement is subjective in nature.

e)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

e)

Expert Solution

Explanation of Solution

Statement:

The probability that demand for a product will be a specific amount next month.

Correct answer:

The given probability statement is “objective” in nature.

The probability that the demand will be a specific amount in the next month would have been calculated by careful analysis of historical data of recorded observations. Hence, the statement is objective in nature.

f)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

f)

Expert Solution

Explanation of Solution

Statement:

The probability that a political candidate will win an election.

Correct answer:

The given probability statement is “subjective” in nature.

The probability that a political candidate will win the election is merely based on trends and judgment and is not backed by any data. Hence, it is subjective in nature.

g)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

g)

Expert Solution

Explanation of Solution

Statement:

The probability that a machine will break down.

Correct answer:

The given probability statement is “objective” in nature.

The probability that the machine will breakdown can be termed as objective as every machine will have a certain lifespan and is likely to operate only until the specific lifespan. Hence, it can be expected the machine to breakdown at a certain point so that the statement becomes objective in nature.

h)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

h)

Expert Solution

Explanation of Solution

Statement:

The probability of being dealt four aces in a poker hand.

Correct answer:

The given probability statement is “objective” in nature.

The probability of being dealt four aces is objective in nature. Each pack of cards contains 52 cards and contains 4 Aces in them. Hence, it is possible that 4 Aces are being dealt to a single person. Hence, the statement is objective in nature.

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Answer 2

Question

Chapter 11, Problem 1P

a)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

a)

Expert Solution

Explanation of Solution

Statement:

The probability of snow tomorrow.

Correct answer:

The given probability statement is “subjective” in nature.

There is no surety that it will snow tomorrow. The probability is subject to change depending on the weather conditions. Therefore, the probability is subjective in nature.

b)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

b)

Expert Solution

Explanation of Solution

Statement:

The probability of catching a fish.

Correct answer:

The given probability statement is “subjective” in nature.

The probability of catching a fish is not a surety and hence termed as subjective in nature. It is subject to change depending on catching the fish or not.

c)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

c)

Expert Solution

Explanation of Solution

Statement:

The probability of the prime interest rate rising in the coming year.

Correct answer:

The given probability statement is “subjective and also objective” in nature.

The given probability statement can be both subjective and objective in nature. The idea of prime interest rating increasing the coming year could have been estimated with the help of background data and can be termed as objective. Even after computation, the event must occur for the statement to be true. Hence, the given statement can be termed as both objective and subjective.

d)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

d)

Expert Solution

Explanation of Solution

Statement:

The probability that the Team CR will win the World Series.

Correct answer:

The given probability statement is “subjective” in nature.

The probability of Team CR winning the world series is subject to change depending on their performance and cannot be termed as a definite occurrence. Hence, the given statement is subjective in nature.

e)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

e)

Expert Solution

Explanation of Solution

Statement:

The probability that demand for a product will be a specific amount next month.

Correct answer:

The given probability statement is “objective” in nature.

The probability that the demand will be a specific amount in the next month would have been calculated by careful analysis of historical data of recorded observations. Hence, the statement is objective in nature.

f)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

f)

Expert Solution

Explanation of Solution

Statement:

The probability that a political candidate will win an election.

Correct answer:

The given probability statement is “subjective” in nature.

The probability that a political candidate will win the election is merely based on trends and judgment and is not backed by any data. Hence, it is subjective in nature.

g)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

g)

Expert Solution

Explanation of Solution

Statement:

The probability that a machine will break down.

Correct answer:

The given probability statement is “objective” in nature.

The probability that the machine will breakdown can be termed as objective as every machine will have a certain lifespan and is likely to operate only until the specific lifespan. Hence, it can be expected the machine to breakdown at a certain point so that the statement becomes objective in nature.

h)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

h)

Expert Solution

Explanation of Solution

Statement:

The probability of being dealt four aces in a poker hand.

Correct answer:

The given probability statement is “objective” in nature.

The probability of being dealt four aces is objective in nature. Each pack of cards contains 52 cards and contains 4 Aces in them. Hence, it is possible that 4 Aces are being dealt to a single person. Hence, the statement is objective in nature.

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Answer 3

Question

Chapter 11, Problem 1P

a)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

a)

Expert Solution

Explanation of Solution

Statement:

The probability of snow tomorrow.

Correct answer:

The given probability statement is “subjective” in nature.

There is no surety that it will snow tomorrow. The probability is subject to change depending on the weather conditions. Therefore, the probability is subjective in nature.

b)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

b)

Expert Solution

Explanation of Solution

Statement:

The probability of catching a fish.

Correct answer:

The given probability statement is “subjective” in nature.

The probability of catching a fish is not a surety and hence termed as subjective in nature. It is subject to change depending on catching the fish or not.

c)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

c)

Expert Solution

Explanation of Solution

Statement:

The probability of the prime interest rate rising in the coming year.

Correct answer:

The given probability statement is “subjective and also objective” in nature.

The given probability statement can be both subjective and objective in nature. The idea of prime interest rating increasing the coming year could have been estimated with the help of background data and can be termed as objective. Even after computation, the event must occur for the statement to be true. Hence, the given statement can be termed as both objective and subjective.

d)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

d)

Expert Solution

Explanation of Solution

Statement:

The probability that the Team CR will win the World Series.

Correct answer:

The given probability statement is “subjective” in nature.

The probability of Team CR winning the world series is subject to change depending on their performance and cannot be termed as a definite occurrence. Hence, the given statement is subjective in nature.

e)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

e)

Expert Solution

Explanation of Solution

Statement:

The probability that demand for a product will be a specific amount next month.

Correct answer:

The given probability statement is “objective” in nature.

The probability that the demand will be a specific amount in the next month would have been calculated by careful analysis of historical data of recorded observations. Hence, the statement is objective in nature.

f)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

f)

Expert Solution

Explanation of Solution

Statement:

The probability that a political candidate will win an election.

Correct answer:

The given probability statement is “subjective” in nature.

The probability that a political candidate will win the election is merely based on trends and judgment and is not backed by any data. Hence, it is subjective in nature.

g)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

g)

Expert Solution

Explanation of Solution

Statement:

The probability that a machine will break down.

Correct answer:

The given probability statement is “objective” in nature.

The probability that the machine will breakdown can be termed as objective as every machine will have a certain lifespan and is likely to operate only until the specific lifespan. Hence, it can be expected the machine to breakdown at a certain point so that the statement becomes objective in nature.

h)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

h)

Expert Solution

Explanation of Solution

Statement:

The probability of being dealt four aces in a poker hand.

Correct answer:

The given probability statement is “objective” in nature.

The probability of being dealt four aces is objective in nature. Each pack of cards contains 52 cards and contains 4 Aces in them. Hence, it is possible that 4 Aces are being dealt to a single person. Hence, the statement is objective in nature.

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Answer 4

Question

Chapter 11, Problem 1P

a)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

a)

Expert Solution

Explanation of Solution

Statement:

The probability of snow tomorrow.

Correct answer:

The given probability statement is “subjective” in nature.

There is no surety that it will snow tomorrow. The probability is subject to change depending on the weather conditions. Therefore, the probability is subjective in nature.

b)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

b)

Expert Solution

Explanation of Solution

Statement:

The probability of catching a fish.

Correct answer:

The given probability statement is “subjective” in nature.

The probability of catching a fish is not a surety and hence termed as subjective in nature. It is subject to change depending on catching the fish or not.

c)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

c)

Expert Solution

Explanation of Solution

Statement:

The probability of the prime interest rate rising in the coming year.

Correct answer:

The given probability statement is “subjective and also objective” in nature.

The given probability statement can be both subjective and objective in nature. The idea of prime interest rating increasing the coming year could have been estimated with the help of background data and can be termed as objective. Even after computation, the event must occur for the statement to be true. Hence, the given statement can be termed as both objective and subjective.

d)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

d)

Expert Solution

Explanation of Solution

Statement:

The probability that the Team CR will win the World Series.

Correct answer:

The given probability statement is “subjective” in nature.

The probability of Team CR winning the world series is subject to change depending on their performance and cannot be termed as a definite occurrence. Hence, the given statement is subjective in nature.

e)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

e)

Expert Solution

Explanation of Solution

Statement:

The probability that demand for a product will be a specific amount next month.

Correct answer:

The given probability statement is “objective” in nature.

The probability that the demand will be a specific amount in the next month would have been calculated by careful analysis of historical data of recorded observations. Hence, the statement is objective in nature.

f)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

f)

Expert Solution

Explanation of Solution

Statement:

The probability that a political candidate will win an election.

Correct answer:

The given probability statement is “subjective” in nature.

The probability that a political candidate will win the election is merely based on trends and judgment and is not backed by any data. Hence, it is subjective in nature.

g)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

g)

Expert Solution

Explanation of Solution

Statement:

The probability that a machine will break down.

Correct answer:

The given probability statement is “objective” in nature.

The probability that the machine will breakdown can be termed as objective as every machine will have a certain lifespan and is likely to operate only until the specific lifespan. Hence, it can be expected the machine to breakdown at a certain point so that the statement becomes objective in nature.

h)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

h)

Expert Solution

Explanation of Solution

Statement:

The probability of being dealt four aces in a poker hand.

Correct answer:

The given probability statement is “objective” in nature.

The probability of being dealt four aces is objective in nature. Each pack of cards contains 52 cards and contains 4 Aces in them. Hence, it is possible that 4 Aces are being dealt to a single person. Hence, the statement is objective in nature.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 11, Problem 1P

a)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

a)

Expert Solution

Explanation of Solution

Statement:

The probability of snow tomorrow.

Correct answer:

The given probability statement is “subjective” in nature.

There is no surety that it will snow tomorrow. The probability is subject to change depending on the weather conditions. Therefore, the probability is subjective in nature.

b)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

b)

Expert Solution

Explanation of Solution

Statement:

The probability of catching a fish.

Correct answer:

The given probability statement is “subjective” in nature.

The probability of catching a fish is not a surety and hence termed as subjective in nature. It is subject to change depending on catching the fish or not.

c)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

c)

Expert Solution

Explanation of Solution

Statement:

The probability of the prime interest rate rising in the coming year.

Correct answer:

The given probability statement is “subjective and also objective” in nature.

The given probability statement can be both subjective and objective in nature. The idea of prime interest rating increasing the coming year could have been estimated with the help of background data and can be termed as objective. Even after computation, the event must occur for the statement to be true. Hence, the given statement can be termed as both objective and subjective.

d)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

d)

Expert Solution

Explanation of Solution

Statement:

The probability that the Team CR will win the World Series.

Correct answer:

The given probability statement is “subjective” in nature.

The probability of Team CR winning the world series is subject to change depending on their performance and cannot be termed as a definite occurrence. Hence, the given statement is subjective in nature.

e)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

e)

Expert Solution

Explanation of Solution

Statement:

The probability that demand for a product will be a specific amount next month.

Correct answer:

The given probability statement is “objective” in nature.

The probability that the demand will be a specific amount in the next month would have been calculated by careful analysis of historical data of recorded observations. Hence, the statement is objective in nature.

f)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

f)

Expert Solution

Explanation of Solution

Statement:

The probability that a political candidate will win an election.

Correct answer:

The given probability statement is “subjective” in nature.

The probability that a political candidate will win the election is merely based on trends and judgment and is not backed by any data. Hence, it is subjective in nature.

g)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

g)

Expert Solution

Explanation of Solution

Statement:

The probability that a machine will break down.

Correct answer:

The given probability statement is “objective” in nature.

The probability that the machine will breakdown can be termed as objective as every machine will have a certain lifespan and is likely to operate only until the specific lifespan. Hence, it can be expected the machine to breakdown at a certain point so that the statement becomes objective in nature.

h)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

h)

Expert Solution

Explanation of Solution

Statement:

The probability of being dealt four aces in a poker hand.

Correct answer:

The given probability statement is “objective” in nature.

The probability of being dealt four aces is objective in nature. Each pack of cards contains 52 cards and contains 4 Aces in them. Hence, it is possible that 4 Aces are being dealt to a single person. Hence, the statement is objective in nature.

Answer 6

Chapter 11, Problem 1P

a)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

a)

Expert Solution

Explanation of Solution

Statement:

The probability of snow tomorrow.

Correct answer:

The given probability statement is “subjective” in nature.

There is no surety that it will snow tomorrow. The probability is subject to change depending on the weather conditions. Therefore, the probability is subjective in nature.

Answer 7

Chapter 11, Problem 1P

a)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

Answer 8

a)

Expert Solution

Explanation of Solution

Statement:

The probability of snow tomorrow.

Correct answer:

The given probability statement is “subjective” in nature.

There is no surety that it will snow tomorrow. The probability is subject to change depending on the weather conditions. Therefore, the probability is subjective in nature.

Answer 9

a)

Expert Solution

Answer 10

a)

Expert Solution

Answer 11

Expert Solution

Answer 12

b)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

b)

Expert Solution

Explanation of Solution

Statement:

The probability of catching a fish.

Correct answer:

The given probability statement is “subjective” in nature.

The probability of catching a fish is not a surety and hence termed as subjective in nature. It is subject to change depending on catching the fish or not.

Answer 13

b)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

Answer 14

b)

Expert Solution

Explanation of Solution

Statement:

The probability of catching a fish.

Correct answer:

The given probability statement is “subjective” in nature.

The probability of catching a fish is not a surety and hence termed as subjective in nature. It is subject to change depending on catching the fish or not.

Answer 15

b)

Expert Solution

Answer 16

b)

Expert Solution

Answer 17

Expert Solution

Answer 18

c)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

c)

Expert Solution

Explanation of Solution

Statement:

The probability of the prime interest rate rising in the coming year.

Correct answer:

The given probability statement is “subjective and also objective” in nature.

The given probability statement can be both subjective and objective in nature. The idea of prime interest rating increasing the coming year could have been estimated with the help of background data and can be termed as objective. Even after computation, the event must occur for the statement to be true. Hence, the given statement can be termed as both objective and subjective.

Answer 19

c)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

Answer 20

c)

Expert Solution

Explanation of Solution

Statement:

The probability of the prime interest rate rising in the coming year.

Correct answer:

The given probability statement is “subjective and also objective” in nature.

The given probability statement can be both subjective and objective in nature. The idea of prime interest rating increasing the coming year could have been estimated with the help of background data and can be termed as objective. Even after computation, the event must occur for the statement to be true. Hence, the given statement can be termed as both objective and subjective.

Answer 21

c)

Expert Solution

Answer 22

c)

Expert Solution

Answer 23

Expert Solution

Answer 24

d)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

d)

Expert Solution

Explanation of Solution

Statement:

The probability that the Team CR will win the World Series.

Correct answer:

The given probability statement is “subjective” in nature.

The probability of Team CR winning the world series is subject to change depending on their performance and cannot be termed as a definite occurrence. Hence, the given statement is subjective in nature.

Answer 25

d)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

Answer 26

d)

Expert Solution

Explanation of Solution

Statement:

The probability that the Team CR will win the World Series.

Correct answer:

The given probability statement is “subjective” in nature.

The probability of Team CR winning the world series is subject to change depending on their performance and cannot be termed as a definite occurrence. Hence, the given statement is subjective in nature.

Answer 27

d)

Expert Solution

Answer 28

d)

Expert Solution

Answer 29

Expert Solution

Answer 30

e)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

e)

Expert Solution

Explanation of Solution

Statement:

The probability that demand for a product will be a specific amount next month.

Correct answer:

The given probability statement is “objective” in nature.

The probability that the demand will be a specific amount in the next month would have been calculated by careful analysis of historical data of recorded observations. Hence, the statement is objective in nature.

Answer 31

e)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

Answer 32

e)

Expert Solution

Explanation of Solution

Statement:

The probability that demand for a product will be a specific amount next month.

Correct answer:

The given probability statement is “objective” in nature.

The probability that the demand will be a specific amount in the next month would have been calculated by careful analysis of historical data of recorded observations. Hence, the statement is objective in nature.

Answer 33

e)

Expert Solution

Answer 34

e)

Expert Solution

Answer 35

Expert Solution

Answer 36

f)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

f)

Expert Solution

Explanation of Solution

Statement:

The probability that a political candidate will win an election.

Correct answer:

The given probability statement is “subjective” in nature.

The probability that a political candidate will win the election is merely based on trends and judgment and is not backed by any data. Hence, it is subjective in nature.

Answer 37

f)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

Answer 38

f)

Expert Solution

Explanation of Solution

Statement:

The probability that a political candidate will win an election.

Correct answer:

The given probability statement is “subjective” in nature.

The probability that a political candidate will win the election is merely based on trends and judgment and is not backed by any data. Hence, it is subjective in nature.

Answer 39

f)

Expert Solution

Answer 40

f)

Expert Solution

Answer 41

Expert Solution

Answer 42

g)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

g)

Expert Solution

Explanation of Solution

Statement:

The probability that a machine will break down.

Correct answer:

The given probability statement is “objective” in nature.

The probability that the machine will breakdown can be termed as objective as every machine will have a certain lifespan and is likely to operate only until the specific lifespan. Hence, it can be expected the machine to breakdown at a certain point so that the statement becomes objective in nature.

Answer 43

g)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

Answer 44

g)

Expert Solution

Explanation of Solution

Statement:

The probability that a machine will break down.

Correct answer:

The given probability statement is “objective” in nature.

The probability that the machine will breakdown can be termed as objective as every machine will have a certain lifespan and is likely to operate only until the specific lifespan. Hence, it can be expected the machine to breakdown at a certain point so that the statement becomes objective in nature.

Answer 45

g)

Expert Solution

Answer 46

g)

Expert Solution

Answer 47

Expert Solution

Answer 48

h)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

h)

Expert Solution

Explanation of Solution

Statement:

The probability of being dealt four aces in a poker hand.

Correct answer:

The given probability statement is “objective” in nature.

The probability of being dealt four aces is objective in nature. Each pack of cards contains 52 cards and contains 4 Aces in them. Hence, it is possible that 4 Aces are being dealt to a single person. Hence, the statement is objective in nature.

Answer 49

h)

Summary Introduction

To identify: If the given probability statement is objective or subjective.

Answer 50

h)

Expert Solution

Explanation of Solution

Statement:

The probability of being dealt four aces in a poker hand.

Correct answer:

The given probability statement is “objective” in nature.

The probability of being dealt four aces is objective in nature. Each pack of cards contains 52 cards and contains 4 Aces in them. Hence, it is possible that 4 Aces are being dealt to a single person. Hence, the statement is objective in nature.