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 twelve-year period is 0.14. This is an example of probability, since

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
hii! can someone help me with this? thank you!!
This is an example of
probability, since
it deals with a continuous period rather than a fixed number of trials.
the stated probability is calculated based on observations from the company records.
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.
the stated probability is most likely based on intuition, an educated guess, or an estimate.
MacBook Air
Transcribed Image Text:This is an example of probability, since it deals with a continuous period rather than a fixed number of trials. the stated probability is calculated based on observations from the company records. 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. the stated probability is most likely based on intuition, an educated guess, or an estimate. MacBook Air
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 twelve-year period is 0.14.
This is an example of
probability, since
MacBook Air
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 twelve-year period is 0.14. This is an example of probability, since MacBook Air
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman