The weather forecaster reports that the probability of rain tomorrow is 10%. a. Which approach was used
Question:
a. Which approach was used to arrive at this number?
b. How do you interpret the probability?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
a Relative frequency approac...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Statistics For Management And Economics Abbreviated
ISBN: 9781285869643
10th Edition
Authors: Gerald Keller
Question Posted:
Students also viewed these Statistics questions
-
How can gel-filtration chromatography be used to arrive at an estimate of the molecular weight of a protein?
-
How do you interpret a PEG ratio?
-
How do you interpret the first quartile, median, and third quartile?
-
Hrishi is a senior executive for a large manufacturing company in Mississauga Ontario where he has been employed for the past 10 years and his annual salary is $250,000 including bonus. He is 47...
-
Why were the respective strategies of General Motors and Swissair not challenged more effectively well before they failed? (It may help here to consider the identity of their main stakeholders and...
-
The following production information about quality costs has been gathered for June 2010: Total defective units ........... 580 Number of units reworked .......... 380 Number of units returned...
-
Four years ago, based on a pre-tax NPV analysis, Harper Inc. decided to add new equipment with a cost of \(\$ 85,000\), allowing the company to expand its product offerings. The data used in the...
-
Roberts Company is considering an investment in equipment that is capable of producing more efficiently than the current technology. The outlay required is $2,293,200. The equipment is expected to...
-
1.Compute MSE, MAD, and MAPE (Equations 9.1 to 9.3) for the following customer satisfaction data: Month Customer Satisfaction Score Forecast 1 88.4 84.0 2 87.2 86.6 3 90.1 89.1 4 92.7 88.7 5 91.5...
-
1. Do you think that Rhett is Machiavellian and a narcissist? Why or why not? 2. Assuming that Rhett is Machiavellian and a narcissist, what is the most effective way to minimize the negative effect...
-
Briefly describe three types of nonsampling error.
-
A sportscaster states that he believes that the probability that the New York Yankees will win the World Series this year is 25%. a. Which method was used to assign that probability? b. How would you...
-
If you have silverware in your home, you know it tarnishes easily. Tarnish is from the oxidation of silver in the presence of sulfur-containing compounds (in the atmosphere or in your food) to give...
-
a) it is given that P=13 lips and d=1/2 in diameter determine the max stress in the plate. It is not drilled.
-
Application 1. You are having a marketing meeting and are trying to come up with a new advertising campaign for Hank's Gardening Tools. You have decided that the most efficient way to come up with...
-
The speed drives the belt at 1 3 1 9 m / min . If the belt being used is rated at only 2 0 m / sec , is it okay for operation? Explain your answer.
-
Employed by a consumer products organization that has been rapidly growing for the past several years. The organization is primarily focused on prepackaged baby food and ready mix formula all made...
-
Two years have passed, and you recently received a call from your Chief Executive Officer asking for a meeting with you to discuss the status of the organization. During the meeting, the CEO...
-
How can you tell if the standard Gibbs free energy given for a reaction is for chemical standard states or biological standard states?
-
What is the difference between the straight-line method of depreciation and the written down value method? Which method is more appropriate for reporting earnings?
-
Your professor uses a plastic chain \(10 \mathrm{~m}\) long to demonstrate transverse waves in class. If you measure the speed of a traveling wave to be \(15 \mathrm{~m} / \mathrm{s}\), and the...
-
According to the United Census the average expenditure for food away from home was $2625. Is there enough evidence to infer that the average middle-class households spends less (FOODAWAY)?
-
In the United States, there is no capital gains on houses until the last one is sold. Up to that point any gains are considered unrealized capital gains or losses on primary residence. Estimate the...
-
In 2013, the housing market started picking up. Were people getting themselves too much into debt and hoping that the price of their homes would increase? One way to judge is to determine the size of...
-
You have a diversified portfolio if invest in many different asset classes you hold 50 or more stocks. or sectors. hold a lot of assets. The standard deviation is a measure of systematic risk. all of...
-
How much will the coupon payments be of a 25-year $5,000 bond with a 9.5% coupon rate and semiannual payments? A. $79 B. $475 C. $238 OD. $950
-
Billiton is the world's largest mining firm.BHP expects to produce 1 . 5 0 billion pounds of copper next year, with a production cost of $ 0 . 9 0 per pound. a . What will be BHP ' s operating profit...
Study smarter with the SolutionInn App