estimate the probability that the next time you ride in a ca

estimate the probability that the next time you ride in a car, you will not be delayed because of some car crash blocking the road.

Solution

Subjective Probability: When trying to estimate the probability the next time you ride in a car, you will not be delayed because of some car crash blocking, experts consider past events along with changes in technologies
and conditions to develop an estimate of the probability. As of this writing, that
probability has been as .005, and A reasonable
probability that one will not be delayed by a car crash blocking the road might be 0.999

estimate the probability that the next time you ride in a car, you will not be delayed because of some car crash blocking the road.SolutionSubjective Probabilit

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