Formula for the probability of A and B (dependentevents): p(A and B) = p(A) * p(B|A) The formula is a little more complicated if your events are dependent, that is if the probability of one event effects another. In order to figure these probabilities out, you must find p(B|A...
In measuring the probability of any certain event, what does zero represent? Explain how to determine the probability of picking 1 number with n choices. Find and explain some probabilities. a) Can we have an event A that has a negative probability? Explain your answer. b) Suppose...
A dependent event in probability is an event that relies on the outcome of another event. An example of a dependent event would be first rolling a 3 on a six-sided die and then rolling a 4. Answer and Explanation: To calculate the probability of a dependent event, you have to first ...
The grade point average (GPA) usually averages all these data points to better understand a student's overall academic performance. Descriptive statistics help summarize data meaningfully, allowing us to find patterns that emerge from it. So, the GPA is an excellent example of descriptive statistics...
balance of tradefinancial liberalizationlogitFree market economists argue that national authorities avoid restrictions on the free movement of goods, services and financial capital between countries. Yet, countries continually choose to restrict the flow of capital both into and out of the country. Why ...
Sometimes we want to find the probability of more than one event occurring. There are different probability rules that we can use. Mutually exclusive events Mutually exclusive events are two or more events that cannot occur at the same time. For example, getting heads and tails when tossing ...
Although 74% of people prefer surveys or feedback forms to provide customer feedback, only 9% answer them thoughtfully. This makes it essential to find ways to encourage the customers to provide feedback forimproving the response rateandquality of those responses. It will help you: ...
Introduction to the Cumulative Probability The cumulative probability is the likelihood that the value of a random variable is within a specific range. P(m ≤ x ≤ n) x is a random variable and m and n are the limits of a specific range. ...
Explain how to find probability distribution from the Probability Density Function (PDF). Probability Distribution Function: The probability distribution function is also known as the cumulation distribution function. The cumulative distribution function is a non-decreasing and non-negati...
A p-value, or probability value, is a number describing the likelihood of obtaining the observed data under thenull hypothesisof a statistical test. The p-value serves as an alternative to rejection points to provide the smallest level of significance at which the null hypothesis would be reject...