UNIT 4- DATA ANALYSIS

What is the definition of probability?

• The certainty that an event will occur

• The probability that an event will occur

• The randomness of an event

• The impossibility of an event occurring

Tags

CCSS.7.SP.C.5

What is the typical range for probability values?

• 0 to 100

• -1 to 1

• 0 to 10

• 0 to 1

Tags

CCSS.7.SP.C.5

What is a common term used to describe probabilities?

• Opciones

• Decisiones

• Probabilidades

• Certeza

Tags

CCSS.7.SP.C.5

How do manufacturers use probability in decision-making?

• To ensure the success of the product

• To determine the duration of the warranty

• To maximize customer satisfaction

• To minimize production costs

Tags

CCSS.HSS.MD.B.6

CCSS.HSS.MD.B.7

What is the law of large numbers?

• States that as the number of trials increases, the observed ratio will converge to the expected probability.

• States that the probability of an event is always 1.

• States that as the number of trials increases, the observed ratio will diverge from the expected probability.

• States that probabilities are not affected by the number of trials.

Tags

CCSS.7.SP.C.6

(a)   analyzes the chances of events occurring, expressed as a numerical value ranging from 0 to 1

Tags

CCSS.7.SP.C.5

Actuarial sciences and financial analysts utilize probabilities to understand the (a)   associated with risks

Tags

CCSS.7.SP.C.5

Statistical hypothesis testing employs probabilities, such as (a)   , to assess the significance of research results.

Tags

CCSS.HSS.IC.B.4

The numerator in a probability calculation represents the number of ways an event can occur, while the denominator represents the total number of (a)   .

Tags

CCSS.7.SP.C.7B

The law of large numbers states that as the number of trials increases, the observed proportion will converge on the expected (a)   .

Tags

CCSS.7.SP.C.6