https://www.mathx.c( 4 gbs221 11738 Diamond Pete Homework: Lesson 3 MyStatLab Pr

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https://www.mathx.c( 4 gbs221 11738 Diamond Pete Homework: Lesson 3 MyStatLab Problems Score: 0.25 of 1 pt 1 of 10 (1 complete) %)4.1.4 Indicate whether classical, empirical, or subjective probability should be used to deterrine each of the following probabilities. a) The probability that a certain model wll win the beauty contest. b) The probability that a city's population will increase by 1.2% next year. c) The probabiity that six coins will land on heads d) The probability that the ticket 3529 7 will win the lottery a) "The probabililty that a certaln model will win the beauty contest'is an example of which type of probability? Classical O Empirical

Explanation / Answer

Solution:-

a) Subjective probability.

b) Subjective probability.

c) Empirical probability.

d) The probability that 35297 will win the lottery - Classical

Classical - There are 'n' number of events and you can find the probability of the happening of an event by applying basic probability formulae.

Empirical - This type of probability is based on experiments. Say, we want to know that how many times a head will turn up if we toss a coin 1000 times. According to the Traditional approach, the answer should be 500. But according to Empirical approach, we'll first conduct an experiment in which we'll toss a coin 1000 times and then we can draw our answer based on the observations of our experiment.

Subjective - This is solely based on the intuition of a person. It is vague and rarely accurate.

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