Week 3

Question 1

What is probability?

Answer 1

Probability is the chance likelihood of an event occurring and it rated from 0 to 1. The closer to 1 the higher the likelihood of that event is of happening.

Question 2

(S)?

Answer 2

Sample space is a set of possible outcomes for an experiment.

Question 3

If we survey 1,000 people in Glasgow and asked if they prefer Irn Bruski, we ask 1,000 and 540 do, what’s the probability?

Answer 3

There’s a 54% probability that you will ask someone who does like Irn Bruski.

Question 4

What type of probability is it if you use past knowledge and intuition?

Answer 4

Subjective Probability.