question archive 5) Jane Peterson has taken Amtrak to travel from New York to Washington, DC, on six occasions, of which three times the train was late
5) Jane Peterson has taken Amtrak to travel from New York to Washington, DC, on six occasions, of which three times the train was late
Subject:ManagementPrice: Bought3
5) Jane Peterson has taken Amtrak to travel from New York to Washington, DC, on six occasions, of which three times the train was late. Therefore, Jane tells her friends that the probability that this train will arrive on time is 0.50. Would you label this probability as empirical or classical? Why would this probability not be accurate?
6) Survey data, based on 65,000 mobile phone subscribers, shows that 44% of the subscribers use smartphones (Forbes, December 15, 2011). Based on this information, you infer that the probability that a mobile phone subscriber uses a smartphone is 0.44. Would you consider this probability estimate accurate? Is it a subjective, empirical, or classical probability?
7) Consider the following scenarios to determine if the mentioned combination of attributes represents a union or an intersection.
a. A marketing firm is looking for a candidate with a business degree and at least five years of work experience.
b. A family has decided to purchase Toyota or Honda.
