An advertising agency uses a random sample of 100 television viewers and simulations to estimate the proportion of people who skip commercials when watching television is 0.653 with a margin of error of 0.082. They decide to check their results by collecting another random sample with 200 television viewers. Which of the results is most likely to be the estimates from the second random sample and simulations? O 0.812 with margin of error 0.01 0.653 with margin of error 0.13 0.664 with margin of eror 0.051 0.516 with margin of crror 0.025
Compound Probability
Compound probability can be defined as the probability of the two events which are independent. It can be defined as the multiplication of the probability of two events that are not dependent.
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Probability theory is a branch of mathematics that deals with the subject of probability. Although there are many different concepts of probability, probability theory expresses the definition mathematically through a series of axioms. Usually, these axioms express probability in terms of a probability space, which assigns a measure with values ranging from 0 to 1 to a set of outcomes known as the sample space. An event is a subset of these outcomes that is described.
Conditional Probability
By definition, the term probability is expressed as a part of mathematics where the chance of an event that may either occur or not is evaluated and expressed in numerical terms. The range of the value within which probability can be expressed is between 0 and 1. The higher the chance of an event occurring, the closer is its value to be 1. If the probability of an event is 1, it means that the event will happen under all considered circumstances. Similarly, if the probability is exactly 0, then no matter the situation, the event will never occur.
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