4. (2 marks) For each of the below scenarios, state whether you would rely on a probability...

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4. (2 marks) For each of the below scenarios, state whether you would rely on a probability found as a long-term proportion from data on many trials, or your own personal probability. Explain your reasoning for each decision. a. A lottery chooses a four-digit number every week. You would like to estimate the probability that a winning lottery number would have a \"3\" in it. b. You own shares in a company. You would like to estimate the probability that the price of the company's shares will increase tomorrow

Posted Date: Jun 11, 2024 07:18 AM

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4. (2 marks) For each of the below scenarios, state whether you would rely on a probability...

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