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Subjective Probability id defined as a probability "found by simply guessing or estimating its value based on knowledge of relevant circumstances." For example, the probabilities assigned by meteorologists to predict the weather are subjective, even though they may take into account historical data. Using your own experience, estimate the probability the local weather forecast is correct. Explain the rationale behind your estimate.
Computing the probability values for the given discrete distribution - What is the probability that you did not shake hands with a person with the flu
Determine the class with the greatest number of data values.
To test whether or not there is a difference between treatments A, B, and C, a sample of 12 observations has been randomly assigned to the 3 treatments.
What is the probability that a soldier is a female?
Using alpha = 0.05 and a computed value of +4.49, can we conclude that the percentage of claims for married policyholders is less then for single policyholders?
If 3 different factor levels show a lot of variation between levels this implies:
The results of the simple linear regression are provided below.
The weights of dormitory cockroaches follow a normal distribution. 14% of the dormitory cockroaches weigh below 77 grams and 10% of them weigh above 82 grams. Find the mean and standard deviation of their weights.
Given that both balls selected are white what is the probability that bowl 3 was selected?
What proportion of sample means would be between 1.31 and 1.33 inches?
Share 1 real-world binomial distribution situation and 1 real-world Poisson distribution situation. Be sure to explain why each example is defined as binomial or Poisson.
Consider the following time plot of the values of variable Y for each month of a 60-month period. This plot displays
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