Which of the following statements about a priori probabilities is correct?
A) They are subjective probabilities based on ambiguity in the way probability is perceived.
B) They are subjective probabilities that may vary among individuals because of factors such as age, gender, education, and the use of alcohol.
C) They are objective probabilities that can be determined by deductive reasoning.
D) They are objective probabilities that can be determined by subjective reasoning.
Answer: C
You might also like to view...
Bonds are generally issued in denominations of $1,000
a. True b. False Indicate whether the statement is true or false
The group of words because the Federal Reserve must fight counterfeiting represents a(n) ____
A) phrase B) dependent clause C) independent clause
An insurance company chartered in another country has been licensed to operate in your state. In your state, the insurer would be considered a(n)
A) nonadmitted insurer. B) foreign insurer. C) alien insurer. D) reciprocal insurer.
The maturity of an issue of preferred stock is:
A) the same as the longest maturity bond issued by the firm. B) variable between 15 and 30 years. C) indefinite, just as the maturity of common shares. D) renewable every five years.