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 seven-year period is 0.19. This is an example of probability, since C……. 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. 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. each washing machine has an equal chance of needing repairs during the period.
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 seven-year period is 0.19. This is an example of probability, since C……. 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. 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. each washing machine has an equal chance of needing repairs during the period.
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter12: Probability
Section12.CR: Chapter 12 Review
Problem 8CR
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