1) Which construct is used to develop knowledge of the fundamental mathematical
ID: 3276698 • Letter: 1
Question
1)
Which construct is used to develop knowledge of the fundamental mathematical tools for quantitatively assessing risk?
Statistics
Parameters
Probability
Variability
Central tendency
2)
Leonardo Barichello describes a thought experiment in which two people, stranded on an island, are tossing dice to decide who will get the last banana. Player 1 wins if the largest number that comes up is a 1, 2, 3, or 4; Player 2 wins in the largest number is a 5 or 6. Barichello explains how the probability of each player winning can be calculated by identifying the 36 possible outcomes and then counting up those in which Player 1 would win and those in which Player 2 would win. By doing so, you would be using the _____ method.
subjective probability
relative frequency
classical probability
a priori probability
a posterior probability
Statistics
Parameters
Probability
Variability
Central tendency
2)
Leonardo Barichello describes a thought experiment in which two people, stranded on an island, are tossing dice to decide who will get the last banana. Player 1 wins if the largest number that comes up is a 1, 2, 3, or 4; Player 2 wins in the largest number is a 5 or 6. Barichello explains how the probability of each player winning can be calculated by identifying the 36 possible outcomes and then counting up those in which Player 1 would win and those in which Player 2 would win. By doing so, you would be using the _____ method.
subjective probability
relative frequency
classical probability
a priori probability
a posterior probability
Explanation / Answer
Ans:
1)Probability
2)Classical probabililty will be used.
(Theoretical probability is also known as Classical probability or A Priori probability.)
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