Q.
1
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.
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A
Statement I is correct, but Statement II is wrong.
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B
Statement I is wrong, but Statement II is correct.
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C
Both Statements I and II are correct.
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D
Both Statements I and II are wrong.