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hugangster hugangster
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5 years ago
Horatio Oscar Vineeth Lane (HOV Lane for short) records his commute times for a period of one month and assigned them to five different categories as shown in the table.

Commute LengthNumber of Observations
commute time <10 minutes1
10 ≤ commute time < 20 minutes2
20 ≤ commute time < 30 minutes4
30 ≤ commute time < 40 minutes9
40 ≤ commute time < 50 minutes4

What kind of probability is demonstrated if Mr. Lane is asked to predict the duration of his next commute?

• subjective probability

• conjecture probability

• objective probability

• reflexive probability
Textbook 
Introduction to Management Science

Introduction to Management Science


Edition: 13th
Author:
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delta_1103delta_1103
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5 years ago
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