Order from us for quality, customized work in due time of your choice.
Instructions
This Discussion Board requires you to answer four questions. For ea
Instructions
This Discussion Board requires you to answer four questions. For each question, do not simply provide an answer; make sure you explain how you arrived at that answer. Please see the corresponding grading rubric to see how each question is assessed. This is an opportunity for you to show your knowledge and understanding of the weekly concepts. You are strongly encouraged to respond to your classmates’ posts with positive and meaningful feedback and will receive up to one point extra credit per discussion board if you do so. This is meant to be a place where we can learn from one another in an engaging and supportive way!
Questions
Interpret a probability of 0.002 of an event occurring in terms of odds (one in some value, such as 1/10). Compare this to a probability of 0.20 of an event occurring in terms of odds. Which one is a statistically significant event, and which one is not a statistically significant event? Explain your reasoning.
Describe the process for making a tree diagram and give an example.
What important question must you answer before computing an “or” probability? How does the answer influence your computation? Use a diagram or equation to help explain your answer.
The probability of a randomly selected car crashing during a year is 0.0423 (based on data from the Statistical Abstract of the United States). If a family has three cars, find the probability that at least one of them has a crash during the year. Is there any reason why this probability might be wrong?
Order from us for quality, customized work in due time of your choice.