Answer:
are often inaccurate.
Step-by-step explanation:
Subjective probability can be defined as the probability of an event happening based on the opinion, personal judgment, perception or experience of a person.
This ultimately implies that, subjective probabilities are not based evidence, quantitative results, facts, historical or empirical data (informations) and as a result, they are considered to be inaccurate.
Hence, subjective probabilities are often inaccurate.
An example of subjective probability is a financial advisor stating that, there is a 20% chance that the price of a security will increase by next week.
