In a Gallup poll of 1040 randomly selected adults, 49% answered "yes" when asked "Do you have a gun in your home?" Identify the sample Identify the population Is the value of 49% a statistics or a parameter?
Addition Rule of Probability
It simply refers to the likelihood of an event taking place whenever the occurrence of an event is uncertain. The probability of a single event can be calculated by dividing the number of successful trials of that event by the total number of trials.
Expected Value
When a large number of trials are performed for any random variable ‘X’, the predicted result is most likely the mean of all the outcomes for the random variable and it is known as expected value also known as expectation. The expected value, also known as the expectation, is denoted by: E(X).
Probability Distributions
Understanding probability is necessary to know the probability distributions. In statistics, probability is how the uncertainty of an event is measured. This event can be anything. The most common examples include tossing a coin, rolling a die, or choosing a card. Each of these events has multiple possibilities. Every such possibility is measured with the help of probability. To be more precise, the probability is used for calculating the occurrence of events that may or may not happen. Probability does not give sure results. Unless the probability of any event is 1, the different outcomes may or may not happen in real life, regardless of how less or how more their probability is.
Basic Probability
The simple definition of probability it is a chance of the occurrence of an event. It is defined in numerical form and the probability value is between 0 to 1. The probability value 0 indicates that there is no chance of that event occurring and the probability value 1 indicates that the event will occur. Sum of the probability value must be 1. The probability value is never a negative number. If it happens, then recheck the calculation.
In a Gallup poll of 1040 randomly selected adults, 49% answered "yes" when asked "Do you have a gun in your home?"
Identify the sample
Identify the population
Is the value of 49% a statistics or a parameter?
Are the numbers of subjects in such surveys discrete or continuous?
The responses are “yes,” “no,” “not sure,” ”refused to answer.” Are these answers quantitative data or categorical data?
Also, determine whether the sample is likely to be representative of the population.
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