(Steps Shown) Often it is difficult to distinguish between the probability of an intersection of outcomes (joint probability) and the probability of a conditional


Question: Often it is difficult to distinguish between the probability of an intersection of outcomes (joint probability) and the probability of a conditional outcome (conditional probability). Classify the following as joint probability statements or conditional probability statements. [If in doubt, try to write down the probability statement; for example, P(Crash Landing \(\mid\) Out of Fuel) or P(Dow Jones Up and Stock Price Up).]

  1. Eight percent of the students in a class were left-handed and red-haired.
  2. Of the left-handed students, \(20 \%\) had red hair.
    C. If the Orioles lose their next game, then the Cubs have a \(90 \%\) chance of winning the pennant.
    d. Fifty-nine percent of the people with a positive test result had the disease.
    e. For \(78 \%\) of patients, the surgery is a success and the cancer never reappears.
    f. If the surgery is a success, the cancer is unlikely to reappear.
    g. Given the drought, food prices are likely to increase.
    h. There is an even chance that a farmer who loses his crop will go bankrupt.
    i If the temperature is high and there is no rain, farmers probably will lose their crops.
    j John probably will be arrested because he is trading on insider information.
    k John probably will trade on insider information and get caught.
    Price: $2.99
    Solution: The downloadable solution consists of 2 pages
    Deliverable: Word Document

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