This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What method of probability assessment would most likely be used to assess the probability that a ... (Read 101 times)

lidoalex

  • Hero Member
  • *****
  • Posts: 538
on: Jun 24, 2018
What method of probability assessment would most likely be used to assess the probability that a customer will return a purchase for a refund?
 
  A) Classical probability based on the ratio of the number of ways the event can occur
  B) Relative frequency based on previous history
  C) Subjective probability based on expert opinion
  D) Independent probability based on two unrelated outcomes

Question 2

A stem and leaf diagram is more appropriate for graphically displaying a joint frequency distribution than is a histogram since the stems can be used to display one variable while the leaves can be used to display the second variable.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

morganmarie791

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

FALSE


lidoalex

  • Member
  • Posts: 538
Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

chjcharjto14

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Assessment of the Buccal Mucosa Assessment of the Buccal Mucosa
Nursing history for skin assessment Nursing history for skin assessment
Body Part, Method of Examination, and Equipment Used During the General Physical Examination Cont. Body Part, Method of Examination, and Equipment Used During the General Physical Examination Cont.
Performing Venipuncture Using the Vacutainer Method Performing Venipuncture Using the Vacutainer Method
How to use the closed interval method to find absolute maximum and minimum values How to use the closed interval method to find absolute maximum and minimum values
Risk assessment analyzes Risk assessment analyzes
Video: Types of antimicrobial substances (interferons & complement protein)

For a complete list of videos, visit our video library