Classify the following statement as an example of classical probability, empirical probability, or subjective probability. Explain your reasoning.An analyst feels that a certain stock's probability of increasing in price over the next month is 0.69.This is an example ofV probability, sinceit deals with a continuous period rather than a fixed number of trials.the stated probability is the relative frequency of the stock price increasing in past months.the stated probability is most likely based on intuition, an educated guess, or an estimate.the stock's chance of increasing in price is the same in every month.the stock has an equal chance of increasing or decreasing in price over the next month. Classify the following statement as an example of classical probability, empirical probability, or subjective probability. Explain your reasoning.An analyst feels that a certain stock's probability of increasing in price over the next month is 0.69.This is an example ofprobability, sinceclassicalempiricalsubjective

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Answered: alyst feels that a Cet stock the hext…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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If there is a 10% chance it will rain each day for the next week, what is the probability that it will rain at least once?
Suppose on a given day, there is a 23% chance Emily will forget her wallet when going to work. What is the probability she forgets her wallet at least once in the next ten days she goes to work?
Determine the following probabilities. Leave your answer as a percent to the nearest tenth (one decimal after converting to %). The probability of spinning an even number or multiple of 5 on the equal section spinner with numbers 1-20. Leave your answer as a percent to the nearest tenth (one decimal) after converting to %. You can leave out the % sign.
At a particular college 19 percent of the students major in business. All business majors are required to take a statistics course. Of the students not majoring in business, 31 percent of them still have to take a statistics course. What is the probability that a student has to take a statistics course at this particular college? Type your answer as a decimal to 4 decimal places.
Suppose that it rains in Spain an average of once every 11 days, and when it does, hurricanes have a 9% chance of happening in Hartford. When it does not rain in Spain, hurricanes have a 3% chance of happening in Hartford. What is the probability that it rains in Spain when hurricanes happen in Hartford? (Round your answer to four decimal places.)
On average dog bite victims arrive at Carver Memorial Hospital at a rate of 2 victims per day. Which probability distribution is most nearly appropriate to describe the number of dog bite victims who arrive at this hospital on a given day?
If the probability that the Islanders will beat the Rangers in a game is 81%, what is the probability that the Islanders will win at least three out of five games in a series against the Rangers? Round your answer to the nearest thousandth.
Analysts expects that 11% of all publicly traded companies will experience a decline in earnings next year. If a company is headed for a decline, there is a 74% chance that this ratio will be negative. If the company is not headed for a decline, there is only a 20% chance that the ratio will be negative. The analyst randomly selects a company and its ratio is negative. What is the probability that the company will experience a decline?
Give me right solution
At her archery lessons, Tess has a 90% chance of getting a bull's eye. Unfortunately, there is only a 40% chance that her instructor will be watching her when she shoots. What is the probability that her instructor will see Tess hit the bull's eye? Explain completely.
Suppose that it rains in Spain an average of once every 15 days, and when it does, hurricanes have a 5% chance of happening in Hartford. When it does not rain in Spain, hurricanes have a 3% chance of happening in Hartford. What is the probability that it rains in Spain when hurricanes happen in Hartford? (Round your answer to four decimal places.)

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