Ask Your Teacher   A news article estimated that only 4% of those age 65 and older who prefer to watch the news, rather than to read or listen, watch the news online. This estimate was based on a survey of a large sample of adult Americans. Consider the population consisting of all adult Americans age 65 and older who prefer to watch the news, and suppose that for this population the actual proportion who prefer to watch online is 0.04. (a) A random sample of  n = 100  people will be selected from this population and p̂, the proportion of people who prefer to watch online, will be calculated. What are the mean and standard deviation of the sampling distribution of p̂? (Round your standard deviation to four decimal places.) mean standard deviation    mean=  ?? Standard Dev= ??

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Compound Probability

Compound probability can be defined as the probability of the two events which are independent. It can be defined as the multiplication of the probability of two events that are not dependent. 

Tree diagram

Probability theory is a branch of mathematics that deals with the subject of probability. Although there are many different concepts of probability, probability theory expresses the definition mathematically through a series of axioms. Usually, these axioms express probability in terms of a probability space, which assigns a measure with values ranging from 0 to 1 to a set of outcomes known as the sample space. An event is a subset of these outcomes that is described. 

Conditional Probability

By definition, the term probability is expressed as a part of mathematics where the chance of an event that may either occur or not is evaluated and expressed in numerical terms. The range of the value within which probability can be expressed is between 0 and 1. The higher the chance of an event occurring, the closer is its value to be 1. If the probability of an event is 1, it means that the event will happen under all considered circumstances. Similarly, if the probability is exactly 0, then no matter the situation, the event will never occur.