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Classify the statement as an example of classical probability, empirical probability, or subjective probability. Explain your reasoning.
You think there is a 40% chance that you will have a child by age 33.
Choose the correct answer below.
A. Empirical probability because the probability is based on observations obtained from a probability experiment
B. Subjective probability because the probability results from an estimate.
C. Subjective probability because each outcome in the sample space is equally likely. D. Classical probability because the probability is based on observations obtained from a probability experiment.
E. Classical probability because each outcome in the sample space is equally likely. F. Empirical probability because the probability results from an estimate.