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Practical uses of probability theory

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What are some practical uses of probability theory ? Can you think of two examples in your work day or personal experiences ?

There are two bags each containing red balls and blue balls. Bag A contains 1 red and 4 blue balls. Bag B contains 3 red and 13 blue balls. Lucky Louie says you should always choose Bag B if you are trying to draw a red ball because it has more red balls than Bag A. How do you respond ?

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What are some practical uses of probability theory ? Can you think of two examples in your work day or personal experiences ?

There are two bags each containing red balls and blue balls. Bag A contains 1 red and 4 blue balls. Bag B contains 3 red and 13 blue balls. Lucky Louie says you should always choose Bag B if you are trying to draw a red ball because it has more red balls than Bag A. How do you ...

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A step by step detailed solution is provided. The practical uses of probability theory is determined.

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