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 ofprobability, sincesubjectiveclassicalempirical 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 ofprobability, sincethe 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.

Statement : According to company records the probability that a washing machine will need repairs…

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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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We are interested in analyzing data related to college football. Use S to denote the team is in the SEC and use W to denote a team has a winning season. The probability that a team is in the SEC in the data set is 5.5%. The probability that a team has a winning season is 52.5%. The probability that a team is in the SEC and has a winning season is 3.55%. What percentage of teams are in the SEC or had a winning season? b. What percentage of people teams are in the SEC and did NOT have a winning season? Given a team had a winning season, what is the probability that they are in the SEC? а. с.
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The annual premium for a $20,000 insurance policy against the theft of a painting is $300. If the probability that the painting will be stolen during the year is 0.02, what is your expected return from the insurance company if you take out this insurance? Upload your answer with your work and explanations here
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Here is the probability model for the blood type of a randomly chosen person in the United States. Blood Type Probability O 0.47 A 0.2 B 0.05 AB 0.28 What is the probability that a randomly chosen American does not have type O blood? (Type your answer as a decimal).
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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 an eight-year period is 0.14. This is an example of probability, since

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