(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).]
- Eight percent of the students in a class were left-handed and red-haired.
-
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