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Important information about probabilistic reasoning

1. What is the concept of probabilistic reasoning? How do probability statistics help individuals understand societal trends?

2.How do you feel about coincidences? Do you accept or are you the type of person who attempts to explain them? Why?

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1) What is the concept of probabilistic reasoning? How do probability statistics help individuals understand societal trends?

Probabilistic reasoning is basically logical reasoning based on the chance that some event will or will not occur. One could use a coin flip as an example of probabilistic reasoning. In this case, the probability that the coin will land on heads or tails is 50% in either case.

Applying this to societal trends, advertisers, such as consumer reports often use probability statistics to sell their products. Automobile rankings, etc… are used to demonstrate to the public that their product is better than the others and often times these probabilistic ...

Solution Summary

This solution contextualizes probabilistic reasoning. References are also provided to further validate the findings.

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