In an article about crime in the United States, Newsweek (Jan. 10, 1994) quoted FBI statistics for
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In an article about crime in the United States, Newsweek (Jan. 10, 1994) quoted FBI statistics for 1992 stating that of blacks slain, 94% were slain by blacks, and of whites slain, 83% were slain by whites. Let Y = race of victim and X = race of murderer. Which conditional distribution do these statistics refer to, Y | X. or X | Y? What additional information would you need to estimate the probability that the victim was white given that a murderer was white? Find and interpret the odds ratio.
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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