Question

Think of something that you might want to measure that is affected by random variation.  Identify what...

Think of something that you might want to measure that is affected by random variation.  Identify what you want to measure, then describe its (approximate) sample space. Give a rough description of the probabilities associated with those values (you can simply specify if they are all the same probability or if values in one range will be more likely than values in another range). What would you say to a person who says that he or she "knows" what the outcome of an individual observation will be (an outcome of something that has not happened yet that is subject to random error)?

When forming your answer to this question you may give an example of a situation from your own field of interest for which a random variable can serve as a model.

Homework Answers

Answer #1

Example

If we throw a coin then probability of event head or tail will be 1/2 or if we roll a dice then probability of getting 1,2,3,4,5 and 6 will be 1/6. Hence in this example both of cases probability are equal for each event.

But if we have a 3 green balls and 5 blue balls in container

the probability of drawing green balls is 3/8 and probability of blue balls is 5/8

Therefore in this example probability are not equal for green and blue ball.

Hence probability is affected by random variation.

If you have any doubts please comment and please don't dislike.

PLEASE GIVE ME A LIKE. ITS VERY IMPORTANT FOR ME.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Random variables are used to model situations in which the outcome, before the fact, is uncertain....
Random variables are used to model situations in which the outcome, before the fact, is uncertain. One component in the model is the sample space. The sample space is the list of all possible outcomes (or a range of possible values). For each value in the sample space, there is an associated probability. The probability can either be an estimate of something that exists in the real world or it could be an exact value that comes from an ideal...
The assignment summary sheets will be submitted week 14 with Test 3. You are to personally...
The assignment summary sheets will be submitted week 14 with Test 3. You are to personally experience the power and satisfaction of developing these skills firsthand and to reflect and write about this experience. Over the years, many students have shared amazingly rewarding experiences as they worked on these skills. The assignment will be evaluated and be weighted as 5% of your final mark (together, they are worth 20% of your mark for Test 3, which is worth 25% of...
Team 5 answer the questions What are 4 key things you learned about the topic from...
Team 5 answer the questions What are 4 key things you learned about the topic from reading their paper? How does the topic relate to you and your current or past job? Critique the paper in terms of the organization and quality. Incentive Systems             In this paper, we will focus primarily on financial rewards that companies use to attract, retain and motivate the brightest and most talented candidates in the labor market. By providing a reward system that...
1.) You will work with 0.10 M acetic acid and 17 M acetic acid in this...
1.) You will work with 0.10 M acetic acid and 17 M acetic acid in this experiment. What is the relationship between concentration and ionization? Explain the reason for this relationship 2.) Explain hydrolysis, i.e, what types of molecules undergo hydrolysis (be specific) and show equations for reactions of acid, base, and salt hydrolysis not used as examples in the introduction to this experiment 3.) In Part C: Hydrolysis of Salts, you will calibrate the pH probe prior to testing...
Please read the article and answear about questions. Determining the Value of the Business After you...
Please read the article and answear about questions. Determining the Value of the Business After you have completed a thorough and exacting investigation, you need to analyze all the infor- mation you have gathered. This is the time to consult with your business, financial, and legal advis- ers to arrive at an estimate of the value of the business. Outside advisers are impartial and are more likely to see the bad things about the business than are you. You should...
INTRO NewForm IT is a seven-year-old IT consulting company founded in 2012 that provides services to...
INTRO NewForm IT is a seven-year-old IT consulting company founded in 2012 that provides services to small businesses in their local and regional area. NewForm employs 83 people, 61 of whom are IT professionals/ consultants. NewForm is struggling financially; it has not met its revenue projections in the last five quarters. NewForm has suffered excessive leadership turnover in the past three years. The original founders sold NewForm in 2015; one of them, James Stanton, remained on as CHRO but sold...
INTRO NewForm IT is a seven-year-old IT consulting company founded in 2012 that provides services to...
INTRO NewForm IT is a seven-year-old IT consulting company founded in 2012 that provides services to small businesses in their local and regional area. NewForm employs 83 people, 61 of whom are IT professionals/ consultants. NewForm is struggling financially; it has not met its revenue projections in the last five quarters. NewForm has suffered excessive leadership turnover in the past three years. The original founders sold NewForm in 2015; one of them, James Stanton, remained on as CHRO but sold...
What tools could AA leaders have used to increase their awareness of internal and external issues?...
What tools could AA leaders have used to increase their awareness of internal and external issues? ???ALASKA AIRLINES: NAVIGATING CHANGE In the autumn of 2007, Alaska Airlines executives adjourned at the end of a long and stressful day in the midst of a multi-day strategic planning session. Most headed outside to relax, unwind and enjoy a bonfire on the shore of Semiahmoo Spit, outside the meeting venue in Blaine, a seaport town in northwest Washington state. Meanwhile, several members of...