Type of Probability Based on prior experience, a teacher estimated that \( 95 \% \) of the Senior class would attend the prom. Which of the following is the type of probabil the teacher is using? Select one: Experimental Probability Theoretical Probability Subjective Probability

The teacher's estimation of \( 95\% \) attendance is based on personal judgment or prior experience, making it a prime example of subjective probability. It's not derived from mathematical calculations or past experiments but rather reflects the teacher's beliefs and observations regarding the Senior class’s behavior. When it comes to real-world application, subjective probability often comes into play in various fields such as marketing, insurance, and decision-making. For instance, a marketing analyst might subjectively assess the likelihood of a new product's success based on consumer trends and personal intuition rather than concrete data. This approach helps in making informed predictions, although it might lack the precision of statistical methods.