2024 – Conditional Probability 1 What is the textbook s definition of probability 2 If there

week 2 discussion business statistics – 2024

Conditional Probability

2024 – Conditional Probability 1 What is the textbook s definition of probability 2 If there.

1.  What is the textbook’s definition of probability?

2.  If there are 3 green marbles and 4 red marbles in a bag, and you were asked to draw one without looking, what is the probability of drawing one green marble?  

Marble back

3.  If you don’t put that marble back, what is the probability of drawing another green marble?

4.  What is the textbook’s definition of conditional probability?

Conditional probability question

5.  Using the above “marbles in the bag” scenario, what is a conditional probability question that you can make from it?

In §4.4 we are introduced to the concept of conditional probability.  The notation P(A | B) denotes the probability of event A occurring given that we know event B has occurred.

Now consider the Monty Hall Problem introduced in the following videos:

       https://www.youtube.com/watch?v=mhlc7peGlGg

https://m.youtube.com/watch?v=4Lb-6rxZxx0

6. After watching these videos, we know that if we are given the option to switch doors that, probabilistically speaking, it is in our best interest to switch. Why is the probability of winning NOT 50/50 when the contestant is given the opportunity to switch?

Assignment writing services

Need assignment writing services that are 100% risk-free. Our writers are capable of providing the best assignment help to students in globally at best rates.

Assignment online is a team of top-class experts whose only goal is to give you the best assignment help service. Follow the link below to order now...

#write essay #research paper