9. The
probability of a specific event is a measure between_____and_____of
whether the event is likely to happen.
|
a.
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0 and 100
|
|
b.
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0 and 1
|
|
c.
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1 and infinity
|
|
d.
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-1 and 1
|
ANS: B
10. In
general the risk of harm inherent in decision making may be
|
a.
|
physical loss.
|
|
b.
|
psychological loss.
|
|
c.
|
emotional loss.
|
|
d.
|
all of these.
|
ANS: D
11. Objective
probability is:
|
a.
|
the likelihood that a specific result
will occur, based on personal judgments.
|
|
b.
|
the likelihood that a specific result
will occur, based on hard facts and numbers.
|
|
c.
|
the likelihood of both of these.
|
|
d.
|
the likelihood of neither of these.
|
ANS: B
12. Subjective
probability is:
|
a.
|
the likelihood that a specific result
will occur, based on personal judgments.
|
|
b.
|
the likelihood that a specific result
will occur, based on hard facts and numbers.
|
|
c.
|
the likelihood of both of these.
|
|
d.
|
the likelihood of neither of these.
|