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Author Question: Give an example of a situation where you have to use the personal probability interpretation of a ... (Read 74 times)

frankwu

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on: Jul 24, 2018
Give an example of a situation where you have to use the personal probability interpretation of a probability (vs. the relative frequency interpretation).

Question 2

Suppose Consumer Reports tests a random sample of 1,000 flashlights of a certain brand and finds 20 of them to be defective. They report the chances of buying a defective flashlight (for this brand) to be .02 . This is an example of using the _______________ approach to determining a probability.
 Fill in the blank(s) with correct word


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deja

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

ANY EXAMPLE WHERE THE SITUATION IS NOT REPEATABLE. EXAMPLE: WILL YOU BE ABLE TO FIND A GOOD PARKING SPOT IF YOU GO DOWNTOWN TODAY?

Answer to Question 2

RELATIVE FREQUENCY


frankwu

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

patma1981

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Reply 3 on: Yesterday
Excellent

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