This module introduces the contingency table as a way of determining conditional probabilities.
A
contingency table provides a way of portraying data that can facilitate calculating probabilities. The table helps in determining conditional probabilities quite easily. The table displays sample values in relation to two different variables that may be dependent or contingent on one another. Later on, we will use contingency tables again, but in another manner.
Contingincy tables provide a way of portraying data that can facilitate calculating probabilities.
Suppose a study of speeding violations and drivers who use car phones produced the following fictional data:
Speeding violation
in the last year
No speeding violation
in the last year
Total
Car phone user
25
280
305
Not a car phone user
45
405
450
Total
70
685
755
The total number of people in the sample is 755. The row totals are 305 and 450. The column totals are 70 and 685. Notice that
and
.
Calculate the following probabilities using the table
Find the probability that a person is male given that the person prefers hiking near lakes and streams. Let
= being male and let
= prefers hiking near lakes and streams.
What word tells you this is a conditional?
Fill in the blanks and calculate the probability:
.
Is the sample space for this problem all 100 hikers? If not, what is it?
The word 'given' tells you that this is a conditional.
Muddy Mouse lives in a cage with 3 doors. If Muddy goes out the first door, the probability that he gets caught by Alissa the cat is
and the probability he is not caught is
. If he goes out the second door, the probability he gets caught by Alissa is
and the probability he is not caught is
. The probability that Alissa catches Muddy coming out of the third door is
and the probability she does not catch Muddy is
. It is equally likely that Muddy will choose any of the three doors so the probability of choosing each door is
.
Door choice
Caught or Not
Door One
Door Two
Door Three
Total
Caught
____
Not Caught
____
Total
____
____
____
1
The first entry
is
.
The entry
is
.
Verify the remaining entries.
Complete the probability contingency table. Calculate the entries for the totals. Verify that the lower-right corner entry is 1.
is it possible to leave every good at the same level
Joseph
I don't think so. because check it, if the demand for chicken increases, people will no longer consume fish like they used to causing a fall in the demand for fish
Anuolu
is not really possible to let the value of a goods to be same at the same time.....
Salome
Suppose the inflation rate is 6%, does it mean that all the goods you purchase will cost
6% more than previous year? Provide with reasoning.
Not necessarily. To measure the inflation rate economists normally use an averaged price index of a basket of certain goods. So if you purchase goods included in the basket, you will notice that you pay 6% more, otherwise not necessarily.
Good day
How do I calculate this question: C= 100+5yd G= 2000 T= 2000 I(planned)=200.
Suppose the actual output is 3000. What is the level of planned expenditures at this level of output?
I am Camara from Guinea west Africa... happy to meet you guys here
Sekou
ma management ho
Amisha
ahile becheclor ho
Amisha
hjr ktm bta ho
ani k kaam grnu hunxa tw
Amisha
belatari
Amisha
1st year ho
Amisha
nd u
Amisha
ahh
Amisha
kaha biratnagar
Amisha
ys
Amisha
kina k vo
Amisha
money as unit of account means what?
Kalombe
A unit of account is something that can be used to value goods and services and make calculations
Jim
all of you please speak in English I can't understand you're language
Muhammad
I want to know how can we define macroeconomics in one line
Muhammad
it must be .9 or 0.9
no Mpc is greater than 1
Y=100+.9Y+50
Y-.9Y=150
0.1Y/0.1=150/0.1
Y=1500
Kalombe
Mercy is it clear?😋
Kalombe
hi can someone help me on this question
If a negative shocks shifts the IS curve to the left, what type of policy do you suggest so as to stabilize the level of output?
discuss your answer using appropriate graph.