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Define the Importance of Random Sampling?
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- Suppose that a high school student is preparing to take the SAT exam. Explain why his or her eventual SAT score is properly viewed as a random variable.A factory production process produces a small number of defective parts in its daily production. Is the number of defective parts a discrete or continuous random variable?What is sampling? Explain the differences between probability and nonprobability samples and identify the various typesof each
- According to a recent Wall Street Journal article, about 2% of new US car sales are electric vehicles (data from Edison Electric Institute reported by Jinjoo Lee, "Peak Oil? Not This Year. Or This Decade," January 9, 2021 pg. B12). Suppose a company has 111 employees who drive new cars (separately) to work each day. What is the probability that at least one of them will drive an electric car? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.is the answer b? Idk why I think that.What is logistic
- What is a probit model vrs. a logit model?Probability is the likelihood or chance of an event occurring. Discuss its significance in real life. Develop a hypothesis about any real life occurring phenomena and calculate probability by using hypothetical values.Explain in detail bias, variance, and the trade-off between them. Feel free to illustrate your understanding, but you must EXPLAIN your understanding in text.