(a) What is your subjective probability that it will rain tomorrow? (b) What in your opinion are...

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(a) What is your subjective probability that it will rain tomorrow?

(b) What in your opinion are the odds in favor of rain tomorrow?

(c) Are your answers to

(a) and

(b) consistent? If not, why not?

(d) When “precipitation probabilities” are given out to the public, how do you interpret them? How do you think the average person interprets them?

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Statistics Probability Inference And Decision

ISBN: 9780030778056

1st Edition

Authors: Robert L. Winkler, William L. Hays

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