Probability I: Introductory Ideas

Classify the following probability estimates as classical, relative frequency, or subjective:

1. The probability the Cubs will win the World Series this year is 0.175.
2. The probability tuition will increase next year is 0.95.
3. The probability that you will win the lottery is 0.00062.
4. The probability a randomly selected fl ight will arrive on time is 0.875.
5. The probability of tossing a coin twice and observing two heads is 0.25.
6. The probability that your car will start on a very cold day is 0.97.

Solution

1. Subjective
2. Relative Frequency or subjective
3. Classical
4. Relative Frequency
5. Classical
6. Relative Frequency or subjective