Computing personal probability

Reference no: EM13103086

Marital Status. The probability that a randomly chosen 40-year-old woman is divorced is about 0.15. this probability is a long-run proportion based on all the millions of women aged 40. Let's suppose that the proportion stays at 0.15 for the next 20 years. Bridget is now 20 years old and is not married.

(a) Bridget thinks her own chances of being divorced at age 40 are about 5%. Explain why this is a personal probability.

(b) Give some good reasons why Bridget's personal probability might differ from the proportion of all women aged 40 who are divorced

(c) You are a government official charged with looking into the impact of the Social Security system on middle-aged divorced women. You care only about the probability 0.15, not about anyone's personal probability. Why?

Reference no: EM13103086

Questions Cloud

Confidence interval for total population of the students : In a class of 40, 16 driver a car made outside the United States. What is the confidence interval for the total population of students at the 95% level?

Additional rule of probability : During a 52 week period, a company paid overtime wages for 18 weeks and hired temporary help for 9 weeks. During 5 weeks, the company paid overtime and hired temporary help

Explain the vision-mission-structure of business : Explain the vision, mission, and the kind of structure your business will take. Additionally, explain, as the leader, how you will manage business in order to realize vision and achieve optimal performance.

Young and middle adulthood case studies : Young and Middle Adulthood Case Studies - Explain the immediate and future effect of healthy or unhealthy habits practiced by Tina.

Computing personal probability : Marital Status. The probability that a randomly chosen 40-year-old woman is divorced is about 0.15. this probability is a long-run proportion based on all the millions of women aged 40.

Compute the tangential speed of points : (1) A circular wheel has a radius R = 0.45 + or - 0.02 m. The wheel is observed to be rotating uniformly with period T = 2.00 +or- 0.05 s. (i) Compute the frequency with which the wheel spins (ii) Compute the angular speed of the wheel. (iii) Comp..

Confidence intervals by using population samples : What is the major difference between finding significance and confidence intervals using population samples or using population proportions?

Determine least squres line and draw the scatter diagram : Calculate te covarience anf the correlatio coeficient. Comment on the relationship between x and y Determine the least squres line. Draw the scatter diagram and plot the least squres line

How long will the shadow of the mast be : A ship's mast reaches to a height of 15 meters above the surface of a 10-meter- deep lake. When the sun is 30 degrees above the horizon, how long will the shadow of the mast be on the bottom of the lake?

User Account

All Pages