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Please help answer the following questions and explain the answer! You are evaluating a new data source for your team. Looking at the sample of
Please help answer the following questions and explain the answer!
- You are evaluating a new data source for your team. Looking at the sample of 1000 examples, you have found 145 examples that were corrupt. Estimate the corruption rate for this new data source.
- You are evaluating another new data source for your team. Looking at the sample of 1000 examples, you have found only 50 examples that were corrupt. In your job, you have tested dozens of data sources and are accustomed to seeing a corruption rate of 15%. Estimate the corruption rate for this new data source.
- The data source that you are currently using has a corruption rate of 12.5%. Given that you observed, 50 corrupt examples in a sample of 1000 for new data sources. Would you recommend switching to this new data source?
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Introduction to Probability
Authors: Mark Daniel Ward, Ellen Gundlach
1st edition
716771098, 978-1319060893, 1319060897, 978-0716771098
