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Q. |
Which of the following is the definition of probability of an event in subjective approach. |
A. | Limit of the relative frequency as the number of observation increases indefinitely |
B. | Probability assigned to an event by an individual based on whatever evidence is possible. |
C. | Probability can be calculated using certain axioms |
D. | None of these |
Answer» B. Probability assigned to an event by an individual based on whatever evidence is possible. |
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