Classify the following statement as an example of classical probability, empirical probability, or subjective probability. Explain your reasoning. According to company records, the probability that a washing machine will need repairs during a seven-year period is 0.19. This is an example of probability, since C……. the stated probability is calculated based on observations from the company records. it deals with a continuous period rather than a fixed number of trials. the stated probability is most likely based on intuition, an educated guess, or an estimate. a washing machine is as likely to need repairs as it is to not need repairs. each washing machine has an equal chance of needing repairs during the period.
Classify the following statement as an example of classical probability, empirical probability, or subjective probability. Explain your reasoning. According to company records, the probability that a washing machine will need repairs during a seven-year period is 0.19. This is an example of probability, since C……. the stated probability is calculated based on observations from the company records. it deals with a continuous period rather than a fixed number of trials. the stated probability is most likely based on intuition, an educated guess, or an estimate. a washing machine is as likely to need repairs as it is to not need repairs. each washing machine has an equal chance of needing repairs during the period.
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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Transcribed Image Text:Classify the following statement as an example of classical probability, empirical probability, or subjective probability. Explain your reasoning.
According to company records, the probability that a washing machine will need repairs during a seven-year period is 0.19.
This is an example of
probability, since
subjective
classical
empirical

Transcribed Image Text:Classify the following statement as an example of classical probability, empirical probability, or subjective probability. Explain your reasoning.
According to company records, the probability that a washing machine will need repairs during a seven-year period is 0.19.
This is an example of
probability, since
the stated probability is calculated based on observations from the company records.
it deals with a continuous period rather than a fixed number of trials.
the stated probability is most likely based on intuition, an educated guess, or an estimate.
a washing machine is as likely to need repairs as it is to not need repairs.
each washing machine has an equal chance of needing repairs during the period.
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