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Probabilities are based on equally likely outcomes, a long-run set of observed outcomes, or subjective assessment. Tell which of these three applies in each of the following situations.

a. A participant in a weekly poker game keeps track of how often he wins, and reports that his probability of winning is 0.2.

b. A poker player feels lucky, and states that his probability of winning the next game is 0.6.

c. The probability is 0.002 that a hand of five cards will produce a flush (all the same suit).

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  • Category:- Statistics and Probability
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