The powerrank.com website (http:// thepowerrank.com/2014/06/06/world-cup-2014-winprobabilities- from-the-power-rank/) listed the probability of each team to win the 2014 World

Question:

The powerrank.com website (http:// thepowerrank.com/2014/06/06/world-cup-2014-winprobabilities- from-the-power-rank/) listed the probability of each team to win the 2014 World Cup in soccer as follows:
1. Brazil, 35.9%.
2. Argentina, 10.0%.
3. Spain, 8.9%.
4. Germany, 7.4%.
5. Netherlands, 5.7%.
6. Portugal, 3.9%.
7. France, 3.4%.
8. England, 2.8%.
9. Uruguay, 2.5%.
10. Mexico, 2.5%.
11. Italy, 2.3%.
12. Ivory Coast, 2.0%.
13. Colombia, 1.5%.
14. Russia, 1.5%.
15. United States, 1.1%.
16. Chile, 1.0%.
17. Croatia, 0.9%.
18. Ecuador, 0.8%.
19. Nigeria, 0.8%.
20. Switzerland, 0.7%.
21. Greece, 0.6%.
22. Iran, 0.6%.
23. Japan, 0.6%.
24. Ghana, 0.6%.
25. Belgium, 0.4%.
26. Honduras, 0.3%.
27. South Korea, 0.3%.
28. Bosnia-Herzegovina, 0.3%.
29. Costa Rica, 0.3%.
30. Cameroon, 0.2%.
31. Australia, 0.2%.
32. Algeria, 0.1%.

a. Interpret Brazil’s probability of 35.9%, which was based on computer simulations of the tournament. Is it a relative frequency or a subjective interpretation of probability?
b. Germany would emerge as the actual winner of the 2014 World Cup. Does this indicate that the 7.4% chance of Germany winning, which was calculated before the tournament, should have been 100% instead?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Statistics The Art And Science Of Learning From Data

ISBN: 9780321997838

4th Edition

Authors: Alan Agresti, Christine A. Franklin, Bernhard Klingenberg

Question Posted: