Question
3. Which kind probability is it (empirical, classical or subjective)? a. There is a 20 percent chance that anew stock offered in an initial public
3. Which kind probability is it (empirical, classical or subjective)?
a. "There is a 20 percent chance that anew stock offered in an initial public offering (IPO) will reach or exceed its target price on the first day."
b. "There is a 25 percent chance that AT&T Wireless and Verizon will merge"
c. "Commercial rocket launches have a 95% success rate"
d. "The probability of rolling three sevens in a row with dice is 0.0046."
e. The probability that a randomly selected student in your class is celebrating a birthday today is 1/365
f. More than 30 percent of the results from major search engines for the keyword phrase "ring tone" are fake pages created by spammers.
g. Based on the reported experience of climbers from a given year, a climber who attempts Everest has a 31 percent chance of success.
h. An entrepreneur who plans to open Cuban restaurant in Nashville has a 20 percent chance of success.
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