What is the standard error?
Compound Probability
Compound probability can be defined as the probability of the two events which are independent. It can be defined as the multiplication of the probability of two events that are not dependent.
Tree diagram
Probability theory is a branch of mathematics that deals with the subject of probability. Although there are many different concepts of probability, probability theory expresses the definition mathematically through a series of axioms. Usually, these axioms express probability in terms of a probability space, which assigns a measure with values ranging from 0 to 1 to a set of outcomes known as the sample space. An event is a subset of these outcomes that is described.
Conditional Probability
By definition, the term probability is expressed as a part of mathematics where the chance of an event that may either occur or not is evaluated and expressed in numerical terms. The range of the value within which probability can be expressed is between 0 and 1. The higher the chance of an event occurring, the closer is its value to be 1. If the probability of an event is 1, it means that the event will happen under all considered circumstances. Similarly, if the probability is exactly 0, then no matter the situation, the event will never occur.
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The rabies vaccine for dogs can save your dog's life. If your dog bites another animal or is on the receiving end of a bite, the vaccine can protect them from a dangerous and potentially fatal illness. Furthermore, in most places, the rabies vaccine for dogs is legally required.
The NYC Department of Health wants to know if LESS than 95% of the dogs in the city have been vaccinated with their rabies vaccine. 158,045 of the 165,000 dogs examined had their rabies shots. Risk no more than 5% Type I error.
What is the standard error? (round to the nearest ten-thousandth - four places after the decimal)
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