Sign In
Not register? Register Now!
Essay Available:
Pages:
2 pages/≈550 words
Sources:
1 Source
Level:
APA
Subject:
Mathematics & Economics
Type:
Statistics Project
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 10.37
Topic:

Understandable Statistics: Concepts And Methods (Statistics Project Sample)

Instructions:

Probability

Understandable Statistics

Concepts And Methods

source..
Content:


Probability
Name
Institution
Date
Simple probability determines the possibility of a specific event occurring during an experiment or when information provided. Probability is the likelihood that an event occurs. It is the number of ways in which an event may occur depending on everything that can happen. The formula for the probability is the number of events that we want to happen / number of events or everything that may happen (Brase & Brase, 2016). When using the formula that the probability is represented as favorable cases / possible cases, the number of possible outcomes or events must be finite and all the events must have the same probability (Brase & Brase, 2016). The probabilities are utilized for six-sided dice, standard 52-card deck, probability, and the expected value scenarios.
The sample space of a single rolled die consists of the events {1, 2, 3, 4, 5, and 6}, Odds "in favor of an event (E)" = P (E)/P (not E): (1/6)/ (5/6) = 1:5, while the probability of an event is 1 divided by the possible outcomes (6), P (A)(1/6= 0.167=16.7%. The probability takes values ​​between 0 and 1 or (0% and 100%) and since the die has six sides the zero value is an impossible event and if we roll a die into the air and the probability of the number seven coming out is zero (Brase & Brase, 2016 ). The value one corresponds to the safe event and if we roll die the pro

...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

Other Topics:

  • Hypothesis Testing Mathematics & Economics Statistics Project
    Description: It should be noticed that both the null hypothesis and the alternative hypothesis make up the two-tailored test. We may have to reject the null hypothesis if there is a significant difference between the sample mean and the median. It can be rejected even when the difference is too small....
    1 page/≈275 words | No Sources | APA | Mathematics & Economics | Statistics Project |
  • Confidence Interval Mathematics & Economics Statistics Project
    Description: Keeping into account the calculations of question # 1 and question # 2, we can observe that the mean body mass index for men is 28.280 as the upper value and for women, it is 27.566. Similarly, the mean body mass index for women is 24.629 as the lower value, and for men, it is 23.200...
    2 pages/≈550 words | 3 Sources | APA | Mathematics & Economics | Statistics Project |
  • Rent-A-Car: Demand For “Economy” Vehicles
    Description: An Estimation of the demand for “economy” vehicles using variables provided, you might also derive data from other resources and combine with the dataset. Choose the best model....
    4 pages/≈1100 words | 2 Sources | APA | Mathematics & Economics | Statistics Project |
Need a Plagiarism Free Essay?
Submit your instructions!