Purchase Solution

# Using probability in your profession and real life

Not what you're looking for?

Do you use probability in your profession or real life? You most likely do. For example, chance of rain tomorrow is 27%. We hear similar probabilities in the media all the time. Similar probabilities could be found in other professions. Using a search engine, find an example of probability that is used in your chosen profession or real life. Explain the example and be sure to clearly cite the source of the information.

##### Solution Summary

Do you use probability in your profession or real life? You most likely do. For example, chance of rain tomorrow is 27%. We hear similar probabilities in the media all the time. Similar probabilities could be found in other professions. Using a search engine, find an example of probability that is used in your chosen profession or real life. Explain the example and be sure to clearly cite the source of the information.

##### Solution Preview

We can come up with many examples. The above question describes probabilities based on independent events. Here are more for you to consider, aside from the chance of rain example.

There is a 90% chance that a company's stock will increase when they make an announcement that they have innovated a new, hi-tech ...

##### Free BrainMass Quizzes

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.

##### Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.

##### Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.

##### Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.