____ probabilities are estimated from past experience or judgment.

A) Risky
B) Subjective
C) Intuitive
D) Informal
E) Post hoc

Subjective Probabilities

Estimates of the likelihood of events based on personal judgment or experience, rather than on objective data or statistical analysis.

Past Experience

Refers to the knowledge, skills, and achievements a person has accumulated from previous job roles, education, or life situations.