Question
1) Amanda knows that there are 7 days in a week and that 1 of them is a Monday. So Amanda decides that the probability
1) Amanda knows that there are 7 days in a week and that 1 of them is a Monday. So Amanda decides that the probability that a randomly-selected newborn was born on a Monday has to be 1/7, is this theoretical, empirical or subjective?
2) Amanda's hospital delivers 258 babies in a given month. 37 of them are born on a Monday. Therefore, Amanda determines that the probability that a randomly-selected newborn was born on a Monday is 37/258, is this theoretical, empirical or subjective?
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Auditing Cases An Interactive Learning Approach
Authors: Steven M Glover, Douglas F Prawitt
4th Edition
0132423502, 978-0132423502
