Econ 2 (HW's)

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Before flipping a fair coin, Sunil asses that he has a 50% chance on obtaining tails Subjective, Empirical, or Classical probability?

classical

A political reporter announces that there is a 49% chance that the next person to come out of the conference room will be Republican, since there are 85 Republicans and 87 Democrats in the room. Subjective, Empirical, or Classical probability?

empirical

A marketing firm is looking for a candidate with a business degree and at least 5 years of experience. Union or Intersection?

intersection

At the beginning of the semester, John believes he has a 90% chance of receiving straight A's Subjective, Empirical, or Classical probability?

subjective

A family has decided to purchase Toyota or Honda. Union or Intersection?

union


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