Question

In: Statistics and Probability

1 Do you believe that all individuals use probabilities consciously in everyday activities to make decisions?...

1

Do you believe that all individuals use probabilities consciously in everyday activities to make decisions? Why or why not?

2

Do you believe that statistics can be used to prove either side of any argument? Why or why not?

400 words each question no plagiarism please.

Solutions

Expert Solution

yes all the individuals use probabilities consiously in everyday activities to make decisions, Because probability is the chance of occuring a favourable case among the number number of cases for example

Example 1: if it is a rainy season or summer you would prefer to take umbrella along with you by assuming that it may rain or you may need to walk in sun (eventhough it was not raining or it was not too hot before you start from home ) because probability is just a chance of happening of some event

Example 2: while going out from home you will always carry more money than your daily expences with the belief that you may have some other expences than the dialy expences by assuming the uncertain chance of happening some event which may increase your expense

mentioned above are just just few but where ever you need to take decisions where you dont have the mathematical solution or you are not sure of the outcome or the result, just depends on your assumption or your past experience may come under probabilistic activities

2nd

Answer: yes statistics can be used to prove either side of any argument, because statistics is the science of numbers or it may be defined as scince of making decisions based on past situations / experiences or it can be defined as the results / inferences that can be made based on historical data / experience when we talk about the conclusions / the results, those are the either of the conclusions made from any argument

In otherwords any of the statistical inference will depend on the hypothesis, At the end we have to either reject the Null hypothesis or accept the Null hypothesis which will lead to prove either side of the argument


Related Solutions

Do you believe that all individuals use probabilities consciously in everyday activities to make decisions? Why...
Do you believe that all individuals use probabilities consciously in everyday activities to make decisions? Why or why not? 450  words no plagiarism please
Make a list of what you believe to be rights belonging to all humans. Use any...
Make a list of what you believe to be rights belonging to all humans. Use any of the theories of rights to support your assertion that these rights belong to all.
How do you or other people use the present-value formula to make decisions?
How do you or other people use the present-value formula to make decisions?
In your everyday life, you make strategic decisions. Using the game theory concept, explain one of...
In your everyday life, you make strategic decisions. Using the game theory concept, explain one of these decisions.
a) Why do people invest in education? Discuss how individuals make these decisions using the human...
a) Why do people invest in education? Discuss how individuals make these decisions using the human capital model and the signalling hypothesis. b) How do these two models differ in their implications for policy makers with regards to subsidising education?
Do you believe in the legalization of drugs? All drugs or certain categories? Do you believe...
Do you believe in the legalization of drugs? All drugs or certain categories? Do you believe there would be an increase in the number of people reporting use? If DARE does not work, what intervention may work better?
When do groups make better decisions than individuals? Describe a situation in which a group would...
When do groups make better decisions than individuals? Describe a situation in which a group would make a better decision and discuss why they would make a better decision and the process or technique that they would use to make the decision.
You will need to use R to compute the final probabilities, but show all of the...
You will need to use R to compute the final probabilities, but show all of the work up to that point and write down the R code that you ran to compute your final answer. Problems should be done in the order listed, and should be clear and complete for full marks. 1. The tensile strength of plastic used to make grocery bags is an important quality characteristic. It is known that the strength is normally distributed with mean, μ...
Why do you believe fiscal policy is so difficult to make? Is it better to make...
Why do you believe fiscal policy is so difficult to make? Is it better to make policies or simply let the economy handle problems? How will you decide this issue?
Do you believe that there should be significant limitations on interest group activities in American politics?...
Do you believe that there should be significant limitations on interest group activities in American politics? Discuss. This is Government 2305
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT