Probability-particular car will be involved in a car crash


Discuss the below:

Situation:

When writing about the probability that it will rain in Boston on July 4 of next year, a newspaper reporter states that the probability is ½, because either it will rain or it will not. Is this reasoning correct? Why or why not?

An insurance company states that the probability that a particular car will be involved in a car crash this year is 0.14, and the probability that the car will not be involved in a car crash this year is 0.82.

Decide whether the statement makes sense (or is clearly true) or doesn't make sense (or is clearly false). Justify your answer.

Solution Preview :

Prepared by a verified Expert
Basic Statistics: Probability-particular car will be involved in a car crash
Reference No:- TGS01904977

Now Priced at $20 (50% Discount)

Recommended (95%)

Rated (4.7/5)