12 EsayComplete the following two essays and provide real examples and your own
ID: 3071243 • Letter: 1
Question
12 EsayComplete the following two essays and provide real examples and your own opinions. Each essay should be at least one side of one page in length single spaced. It is important to provide examples and your opinion beyond textbook definitions. A Social networking sites support themselves in large part by selling advertising space. The hit rate on these ads is a critical measure when trying to solicit advertising. The hit rate is used as a measure of success for ads. How would you recommend a social networking site use statistical sampling to evaluate its existing ads? Give a pecific example and provide your opinion B. Probability and Statistics very much go hand in hand. How best do the two topics work together using a specific recent example? Briefly discuss the importance and use of conditional probability where one event has to happen before the other.Explanation / Answer
B.
In probability theory we consider some underlying process which has some randomness or uncertainty modeled by random variables, and we figure out what happens.
In statistics we observe something that has happened, and try to figure out what underlying process would explain those observations
The conditional probability is an essential quantity in wide range of domains, including classification, decision theory, prediction, diagnostics, and other similar situations.Thus, what one wants to know is the probability of the result given the evidence.
Conditional probability is the likelihood of an event or outcome occurring based on the occurrence of a previous event or outcome. Conditional probability is calculated by multiplying the probability of the preceding event by the updated probability of the succeeding, or conditional, event.
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