What probabilities would we assign to claims

Assignment Help Basic Statistics

Reference no: EM131137233

In planning the operation of a new school, one school board member claims that four out of five newly hired teachers will stay with the school for more than a year, while another school board member claims that it would be correct to say three out of five.

In the past, the two board members have been about equally reliable in their predictions, so in the absence of any other information we would assign their judgments equal weight.

If one or the other has to be right, what probabilities would we assign to their claims if it were found that 11 of 12 newly hired teachers stayed with the school for more than a year?

Reference no: EM131137233

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