Each day, there are a number of events that can happen. The MOST PROBABLE event each day has a "probability" of less than 50%. Therefore, the ODDS of the MOST PROBABLE event happening are LESS than the ODDS of the most probable event NOT happening. However, the data shows that the MOST PROBABLE event each day actually occurs 68% of the time. Statistically, what can be said of these event outcomes each day, and what is the best way to determine whether the MOST PROBABLE event will or will not occur on any given day?
2006-07-14
09:28:37
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5 answers
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asked by
brian_hahn_32
3
in
Mathematics