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Author Question: How does the relative frequency interpretation of probability differ from the personal probability ... (Read 177 times)

aabwk4

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on: Jul 24, 2018
How does the relative frequency interpretation of probability differ from the personal probability interpretation, in terms of variability in the results?

Question 2

Which of the following represents a way that you could be misled by someone's personal probability?
 a. A doctor overestimates your chances of having a certain disease.
  b. A prosecutor gives the jury highly detailed scenarios of how/why the defendant did it..
  c. A salesman tries to get you to buy a 200 extended warranty on a video recorder by telling you about a customer who didn't get the extended warranty, and the day after the regular warranty ended, their recorder's motor mechanism broke, costing more to fix than to just buy a new one.
  d. All of the above.


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verrinzo

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Reply #1 on: Jul 24, 2018
Answer to Question 1

ACCEPTABLE ANSWERS INCLUDE 1)PERSONAL PROBABILITIES CAN VARY FROM PERSON TO PERSON AND NOT BE DEEMED INCORRECT, BUT THE RELATIVE FREQUENCY INTERPRETATION PROVIDES A PRECISE ANSWER TO CERTAIN PROBABILITY QUESTIONS; 2)RELATIVE FREQUENCY PROBABILITY IS BASED ON REPEATABLE SITUATIONS BUT PERSONAL PROBABILITY IS USEFUL FOR ONE-TIME ONLY SITUATIONS.

Answer to Question 2

D


aabwk4

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Reply 2 on: Jul 24, 2018
Thanks for the timely response, appreciate it

tuate

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Reply 3 on: Yesterday
Excellent

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