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Probability

The probability of a certain event is a number expressing the likelihood that a specific event will occur, expressed as the ratio of the number of actual occurrences to the number of possible occurrences. In mathematics, it is a measure of how often an event will happen and is the basis of statistics.

14,643 Questions

In a confidence interval what information does the margin of error provide?

The confidence interval consists of a central value and a margin of error around that value. If it is an X% confidence interval then there is a X% probability that the true value of the statistic in question lies inside the interval. Another way of looking at it is that if you took repeated samples and calculated the test statistic each time, you should expect X% of the test statistics to fall within the confidence interval.

The probability that an adversary will exploit a weakness in your operation tempered by the impact to your mission is defined as?

The probability that an adversary will exploit a weakness in your operation, tempered by the impact to your mission, is defined as the:

A. Risk

Four different sets of objects contain 2 4 6 and 7 objects respectively. How many unique combinations can be formed by picking one object from each set?

336

2 possibilities for the first

for each of these two you have 4 possibilities for the second - making it 8

for each of these 8 you have 6 possibilities for the third - making it 48 possibilities

for each of those 48 you have 7 possibilities for the fourth - making it 336 possible combinations

2x4x6x7 = 336

If a person purchases 15 of 3000 tickets sold in a raffle that awards one prizewhat is the probability that this person not win?

The chances of winning would be 15/3000 or 1 in 200 (or 0.5%). That means the probability of NOT winning is 99.5 %

If you have a 62.4 chance of winning but if you lose you lose 2 but if you win you win 1. will you come out on top?

You need to calculate your mathematical expectation.For the winning case, your gain is: 0.624 x 1

For the losing case, your gain is: (1 - 0.624) x (-2)

(So, in each case, probability multiplied by the amount you would win/lose.)

Do the calculations, and add everything up. If the sum is positive, the game is in your favor.

What is the probability that the first two flips will both be heads and the third flip will be either heads or tails if you flip three fair coins?

I assume you mean what's the chance of at least two heads showing when three fair coins are tossed.

There are 8 possible outcomes as each coin can either be head or tails.

For 3 heads, all 3 coins must show a head → 1 success

For 2 heads, one coin will be a Tail; each coin could be a tail in turn → 3 successes

→ Pr = (1+3)/8 = 4/8 = 1/2

If you are wanting the probability that the first TWO specific coins are heads and the last, third, coin is either, then:

Pr(head) = 1/2

→ Pr(1st 2 heads, 3rd anything) = 1/2 × 1/2 × 1 = 1/4

Find the probability of this event if one of these cards is drawn at random. Selecting a U not replacing it and then selecting an M.?

The answer depends on the set of cards from which the picking is done. Unfortunately, you have provided absolutely no information on that.

If the standard deviation is doubled what will be the effect on the confidence interval?

The confidence intervals will increase. How much it will increase depends on whether the underlying probability model is additive or multiplicative.

What step in risk management process is focused on determining the probability and severity of a hazard occurring?

Assess hazards is the step in the composite risk management process that is focused on determining the probability and severity of a hazard occurring.