CA Foundation Exam > CA Foundation Questions > Two broad divisions of probability area)Subje...
Start Learning for Free
Two broad divisions of probability are
- a)Subjective probability and objective probability
- b)Deductive probability and non–deductive probability
- c)Statistical probability and Mathematical probability
- d)None of these.
Correct answer is option 'A'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
Two broad divisions of probability area)Subjective probability and obj...
Divisions of Probability
Probability refers to the measure of the likelihood or chance of an event occurring. It is categorized into two broad divisions:
1. Subjective Probability
Subjective probability refers to the measure of probability based on personal judgement or experience. It is based on personal opinions and cannot be measured objectively. It relies on the individual's beliefs, biases, and intuition. It is often used in situations where there is a lack of data or information.
2. Objective Probability
Objective probability refers to the measure of probability based on data and evidence. It is based on empirical evidence and can be measured objectively. It relies on mathematical computations and statistical analysis. It is often used in situations where there is a large amount of data or information available.
Conclusion
In conclusion, probability is divided into subjective and objective probability. Subjective probability is based on personal judgement and experience while objective probability is based on data and evidence.
Probability refers to the measure of the likelihood or chance of an event occurring. It is categorized into two broad divisions:
1. Subjective Probability
Subjective probability refers to the measure of probability based on personal judgement or experience. It is based on personal opinions and cannot be measured objectively. It relies on the individual's beliefs, biases, and intuition. It is often used in situations where there is a lack of data or information.
2. Objective Probability
Objective probability refers to the measure of probability based on data and evidence. It is based on empirical evidence and can be measured objectively. It relies on mathematical computations and statistical analysis. It is often used in situations where there is a large amount of data or information available.
Conclusion
In conclusion, probability is divided into subjective and objective probability. Subjective probability is based on personal judgement and experience while objective probability is based on data and evidence.
Free Test
| FREE | Start Free Test |
Community Answer
Two broad divisions of probability area)Subjective probability and obj...
Ans: a
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
Two broad divisions of probability area)Subjective probability and objective probabilityb)Deductive probability and non–deductive probabilityc)Statistical probability and Mathematical probabilityd)None of these.Correct answer is option 'A'. Can you explain this answer?
Question Description
Two broad divisions of probability area)Subjective probability and objective probabilityb)Deductive probability and non–deductive probabilityc)Statistical probability and Mathematical probabilityd)None of these.Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Two broad divisions of probability area)Subjective probability and objective probabilityb)Deductive probability and non–deductive probabilityc)Statistical probability and Mathematical probabilityd)None of these.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Two broad divisions of probability area)Subjective probability and objective probabilityb)Deductive probability and non–deductive probabilityc)Statistical probability and Mathematical probabilityd)None of these.Correct answer is option 'A'. Can you explain this answer?.
Two broad divisions of probability area)Subjective probability and objective probabilityb)Deductive probability and non–deductive probabilityc)Statistical probability and Mathematical probabilityd)None of these.Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Two broad divisions of probability area)Subjective probability and objective probabilityb)Deductive probability and non–deductive probabilityc)Statistical probability and Mathematical probabilityd)None of these.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Two broad divisions of probability area)Subjective probability and objective probabilityb)Deductive probability and non–deductive probabilityc)Statistical probability and Mathematical probabilityd)None of these.Correct answer is option 'A'. Can you explain this answer?.
Solutions for Two broad divisions of probability area)Subjective probability and objective probabilityb)Deductive probability and non–deductive probabilityc)Statistical probability and Mathematical probabilityd)None of these.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Two broad divisions of probability area)Subjective probability and objective probabilityb)Deductive probability and non–deductive probabilityc)Statistical probability and Mathematical probabilityd)None of these.Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Two broad divisions of probability area)Subjective probability and objective probabilityb)Deductive probability and non–deductive probabilityc)Statistical probability and Mathematical probabilityd)None of these.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Two broad divisions of probability area)Subjective probability and objective probabilityb)Deductive probability and non–deductive probabilityc)Statistical probability and Mathematical probabilityd)None of these.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Two broad divisions of probability area)Subjective probability and objective probabilityb)Deductive probability and non–deductive probabilityc)Statistical probability and Mathematical probabilityd)None of these.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Two broad divisions of probability area)Subjective probability and objective probabilityb)Deductive probability and non–deductive probabilityc)Statistical probability and Mathematical probabilityd)None of these.Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup