Answered: The probability of a observing a loss…

The probability of a observing a loss exceesing 22 = 0.179 The probability of observing a loss exceeding 22 given that it exceeds 10 = 0.2805 Explain why the probabilities differ from each other.

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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Question

The probability of a observing a loss exceesing 22 = 0.179

The probability of observing a loss exceeding 22 given that it exceeds 10 = 0.2805

Explain why the probabilities differ from each other. (guide 200 words)

Thankyou!

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