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 three-year period is 0.16. This is an example of V probability, since each washing machine has an equal chance of needing repairs during the period. 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. 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.
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 three-year period is 0.16. This is an example of V probability, since each washing machine has an equal chance of needing repairs during the period. 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. 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.
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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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 three-year period is 0.16.
This is an example of
probability, since
each washing machine has an equal chance of needing repairs during the period.
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.
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.
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 three-year period is 0.16.
This is an example of
probability, since
empirical
subjective
classical
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