Unit 3!

Question 1)

Discuss the following concepts and give examples from everyday life in which you might encounter each concept.

(a) Sample space

(b) Probability assignment to a sample space. In your discussion be sure to include answers to the following questions: Is there more than one valid way to assign probabilities to a sample space? Explain and give an example.

How can probability be estimated by relative frequencies? How can probability be computed if events are equally likely?

Question 2)

Discuss the concepts of mutually exclusively events and independent events. List two examples of each type of events from everyday life.