1. Compare the approximately probability values and the actual probability values.2. How would you make the approximate probability values very close to the actual probability values? RelativeNumber of FrequfrequencyActualProbabilitheads (x) ency(ApproximateУprobability)1/20 = 0.050.0313/20 = 0.150.1566.6/20 = 0.30.31336/20 = 0.30.31343/20 = 0.150.1561/20 = 0.050.031total203.3.

Answered: . Compare the approximately probability…

. Compare the approximately probability values and the actual probability values. 2. How would you make the approximate probability values very close to the actual probability values?

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Concept explainers

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

Question

1. Compare the approximately probability values and the actual probability values.

2. How would you make the approximate probability values very close to the actual probability values?

Relative
Number of Frequ
frequency
Actual
Probabilit
heads (x) ency
(Approximate
У
probability)
1/20 = 0.05
0.031
3/20 = 0.15
0.156
6.
6/20 = 0.3
0.313
3
6/20 = 0.3
0.313
4
3/20 = 0.15
0.156
1/20 = 0.05
0.031
total
20
3.
3.

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