Podcast
Questions and Answers
What is the range of probability for an event?
What is the range of probability for an event?
- -1 to 1
- 1 to 100
- 0 to infinity
- 0 to 1 (correct)
In probability theory, what does a probability of 0.5 represent?
In probability theory, what does a probability of 0.5 represent?
- Equal likelihood of two outcomes (correct)
- Impossible event
- Likelihood of one specific outcome
- Rare event
In a random experiment, how are probabilities numerically described?
In a random experiment, how are probabilities numerically described?
- Total number of all outcomes multiplied by number of desired outcomes
- Number of desired outcomes divided by total number of all outcomes (correct)
- Number of desired outcomes multiplied by total number of all outcomes
- Total number of all outcomes divided by number of desired outcomes
What areas of study widely use probability theory?
What areas of study widely use probability theory?
What is used to draw inferences about the expected frequency of events?
What is used to draw inferences about the expected frequency of events?