Business Statistics-Conditional Probability

Author: Client Uploads

March 17th, 2023

I need help with a Statistics question. All explanations and answers will be used to help me learn.

Struggling to find relevant content or pressed for time? – Don’t worry, we have a team of professionals to help you on

Get a 15% Discount on this Paper

Order Now

Your initial post should be 75-150 words in length.

Conditional Probability

1. If there are 3 green marbles and 4 red marbles in a bag, and you were asked to draw one without looking, what is the probability of drawing one green marble? Please show work

2. If you don’t put that marble back, what is the probability of drawing another green marble? Please show work

3. Using the above “marbles in the bag” scenario, what is a conditional probability question that you can make from it?

In §4.4 we are introduced to the concept of conditional probability. The notation P(A | B) denotes the probability of event A occurring given that we know event B has occurred.

Now consider the Monty Hall Problem introduced in the following video:

https://m.youtube.com/watch?v=4Lb-6rxZxx0

4. After watching this video, we know that if we are given the option to switch doors that, probabilistically speaking, it is in our best interest to switch. Why is the probability of winning NOT 50/50 when the contestant is given the opportunity to switch?

Please provide original work. No plagiarizing.

Calculate the price

Make an order in advance and get the best price

Type of paper

Academic level

Deadline

Pages (550 words)

$0.00

*Price with a welcome 15% discount applied.

Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.

We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.

step 1

Upload assignment instructions

Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.

step 2

Relax

Once you place an order with our professional do my paper services, all you need to do is relax as our experts work to impress you with amazing quality and timing for your order!

step 3

Review the final draft

As soon as the paper is ready, we’ll send you a copy via email. You'll also be able to download it from your account and request a revision or rate the work as appropriate.

Get personalized services with MyCoursebay

One writer for all your papers

You can select one writer for all your papers. This option enhances the consistency in the quality of your assignments. Select your preferred writer from the list of writers who have handledf your previous assignments

Same paper from different writers

Are you ordering the same assignment for a friend? You can get the same paper from different writers. The goal is to produce 100% unique and original papers

Copy of sources used

Our homework writers will provide you with copies of sources used on your request. Just add the option when plaing your order

What our partners say about us

We appreciate every review and are always looking for ways to grow. See what other students think about our do my paper service.

Education

Thank you so much!

Customer 452675, March 17th, 2023

Communications

Thank you very much

Customer 452669, November 17th, 2021

Nursing

Got my assignment early and well written. Thank you.

Customer 452707, January 18th, 2025

Other

GOOD

Customer 452813, July 5th, 2022

English 101

Although a little late, the content and structure of the paper was great! I would definitely use this writer again!

Customer 452561, July 12th, 2021

Nursing

Excellent as usual. Thank you!

Customer 452707, June 24th, 2023

Nursing

Thank you!

Customer 452707, October 16th, 2022

Social Work and Human Services

Great Work!

Customer 452587, November 2nd, 2021

Social Work and Human Services

Thank You!

Customer 452587, November 17th, 2021

Social Work and Human Services

Great Work!

Customer 452587, March 16th, 2022

Philosophy

excellent job i will be coming back for any future papers if I have too.

Customer 452611, October 11th, 2021

Finance

Thank You

Customer 452643, October 24th, 2021

OUR GIFT TO YOU

15% OFF your first order

Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.

Claim my 15% OFF Order in Chat