Statement I: A subjective probability may be nothing more than an educated guess.

Statement II: One reason that decision-makers at high levels often use subjective probabilities is that they are concerned with unique situations.


  • A

    Statement I is correct, but Statement II is wrong.

  • B

    Statement I is wrong, but Statement II is correct.

  • C

    Both Statements I and II are correct. 

  • D

    Both Statements I and II are wrong.