Question

according to nate silver, the probability of a senate canidate winning his/her election with a 5% lead with a week until the election is 0.89. interpret the probability. (if someone could just give me an idea of where to start to do the problem myself?)

Answer 1

I will try to interpret the statement for you

according to Nate silver, the probability of a senate candidate winning his/her election with a 5% lead

Here percentage is used to describe the amount of total votes ( with respect to the total votes ) a senate candidate who will be winning will get

Let's say there are 100 votes in whole election, then he would be getting 5 more votes than the runner up

with a week until the election is 0.89

Here, the probability is used

No, the the candidate will win the election satisfying the above criteria is 0.89

The chances of him winning the election is 0.89