What does it mean for an event to be unusual? Why should the cutoff for identify

Question

What does it mean for an event to be unusual? Why should the cutoff for identifying unusual events not always be 0.05? Choose the correct answer below A. An event is unusual if it has a low probability of occurring The choice of a cutoff should consider the context of the problem. O B. An event is unusual if it has a high probability of occurring The choice of the cutoff should consider the context of the problem. ° C. An event is unusual if it has a probability equal to 0 The choice of a cutoff should consider the context of the problem. 0 D. An event is unusual if it has a probability equal to 1 The choice of a cutoff should consider the context of the problem.

Explanation / Answer

The correct answer is : Option A) An event is unusual if it has alow probability of occurring. The choice of a cutoff should consider the context of the problem.

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