Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Decide which method (theoretical or relative frequency) is appropriate, and compute or estimate the probability of the following event. An airlines' next flight will have
Decide which method (theoretical or relative frequency) is appropriate, and compute or estimate the probability of the following event. An airlines' next flight will have an on-time departure when 98 of the last 142 departures have been on time Question content area bottom Part 1 Decide which method (theoretical or relative frequency) is appropriate. Choose the correct answer below. A. The theoretical method should be used because all outcomes are not equally likely. B. The relative frequency method should be used because there is no data from observations. C. The relative frequency method should be used because there is data from many observations. Your answer is correct.D. The theoretical method should be used because all outcomes are equally likely. Part 2 Compute or estimate the probability that the next flight will have an on-time departure enter your response here (Type an integer or a simplified fraction.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started