Whether the figure is based on personal probability

Assignment Help Basic Statistics
Reference no: EM131411995

The 2007 Working Group on California Earthquake Probabilities reported that "the likelihood of [an earthquake in California] of magnitude 7.5 or greater in the next 30 years is 46%." The report noted that "[t]he final forecast is a sophisticated integration of scientific fact and expert opinion" (source: https://pubs.usgs.gov/fs/2008/3027/fs2008-3027 .pdf).

Explain whether the figure of 46% is based on personal probability, long-run relative frequency, physical assumptions about the world, or some combination.

Reference no: EM131411995

Questions Cloud

Free market work without so much government interference : Many people feel that there are simply too many laws and regulations governing how companies may manage their employees. These people believe everyone would be better off if we let the free market work without so much government interference. They be..
What is the effect of pressing the various i arrow keys : Develop additional techniques for manipulating and accessing controls placed on a form.
What are the characteristics of a public good : What are the characteristics of a public good? Discuss the two ways that product differentiation affects the demand for a product. Describe at least five different forms of government intervention in the economy.
Some other ideas for crashing schedule : Adding resources is one way to crash a schedule. Does adding resources to the problem always work? If not, what are some other ideas for crashing a schedule? Provide an example if you have one.
Whether the figure is based on personal probability : Explain whether the figure of 46% is based on personal probability, long-run relative frequency, physical assumptions about the world, or some combination.
Develop additional techniques for manipulating controls : Place a text box on a form and select the text box. What is the effect of pressing the various N arrow keys while holding down the Shift key?
Annual percentage rate of return : Suppose you pay $9,800 for a $10,000 par Treasury bill maturing in 2 months. What is the annual percentage rate of return for this investment?
Describe the function of money in a market economy : Describe the function of money in a market economy? If US Currency is no longer backed by gold or silver, what ultimately gives it value? What is the primary concern of policy makers?
Adding resources is one way to crash a schedule : Adding resources is one way to crash a schedule. Does adding resources to the problem always work? If not, what are some other ideas for crashing a schedule? Provide an example if you have one.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd