Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

When writing about the probability that it will rain in Boston on July 4 of next year, a newspaper reporter states that the probability is ½, because either it will rain or it will not. Is this reasoning correct? Why or why not?

An insurance company states that the probability that a particular car will be involved in a car crash this year is 0.14, and the probability that the car will not be involved in a car crash this year is 0.82.

Decide whether the statement makes sense (or is clearly true) or doesn't make sense (or is clearly false). Justify your answer. [Note that your explanation is more important than your chosen answer.]

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9372277

Have any Question?


Related Questions in Statistics and Probability

A national report indicates that the mean and standard

A national report indicates that the mean and standard deviation of the ACT scores of incoming freshman at American public universities are 24.6 and 6.2, respectively. A sample of 30 incoming freshmen at a small, suburba ...

A researcher is interested in learning more about the

A researcher is interested in learning more about the protective effects of exercise. He conducts a study where he collects information about stress levels (measured on a multi-item Likert scale) and hours of exercise co ...

How can a graph or chart of data help you understand the

How can a graph or chart of data help you understand the results? What is a frequency table? Describe an example where a frequency table can be used in life.

Loking for guidancea normal population has a mean of mu

Looking for guidance: A normal population has a mean of μ = 100. A sample of N = 36 is selected from the population, and a treatment is administered to the sample. After treatment, the sample mean is computed to be = 106 ...

The mean of a population of raw scores is 50 ox18 what is

The mean of a population of raw scores is 50 (ox=18). What is the probability of randomly selecting a sample of 40 score having a mean above 46?

Over the past 100 years the level of government regulation

Over the past 100 years, the level of government regulation of financial institutions and markets has ebbed and flowed or, as some economists might argue, has ebbed and flooded. Although the laws and regulatory agencies ...

Should you perform a log transformation on a categorical

Should you perform a log transformation on a categorical (nominal) variable, or can you only do that for continuous variables?

How can a graph or chart of data help you understand the

How can a graph or chart of data help you understand the results? What is a frequency table? Describe an example where a frequency table can be used in life.

In a single season an average of 24 home runs were hit per

In a single? season, an average of 2.4 home runs were hit per game. Assume the number of home runs per game follows the Poisson distribution. ?a) What is the probability that 6 home runs will be hit in a randomly selecte ...

John plans to take three suits on his business trip if john

John plans to take three suits on his business trip. If John owns 8 suits, how many ways can the 3 suits be selected?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As