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Horatio Oscar Vineeth Lane (HOV Lane for short) records his commute times for a period of one month ...

QueenPinky

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Horatio Oscar Vineeth Lane (HOV Lane for short) records his commute times for a period of one month ...

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 Length	Number of Observations
commute time <10 minutes	1
10 ≤ commute time < 20 minutes	2
20 ≤ commute time < 30 minutes	4
30 ≤ commute time < 40 minutes	9
40 ≤ commute time < 50 minutes	4

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

Edition: 13^th

Author: Taylor

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sumeetkhirwal

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5 years ago

objective probability

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