9:- A news channel conducting an on-line poll about the state of the job market in...
9:- A news channel conducting an on-line poll about the state of the job market in the country asked the the viewers if they believed that the job market in the country asked the viewers if they believed that the job market was going to improve from the current 9.5% unemployment rate in the near future. out of 400 viewers who responded to the survey, 130 said it will get worse, 180 said it will stay the same and the remaining said it will get better or improve. based on this survey, the probability that the job market will get better?
in problem 9 what method did you use to calculate the probability
a Classical approach
b Relative frequency approach
c subjective approach
d both a and b
e none of the above
b
Homework Answers
We are basing our probability on the basis of survey results so it will be a relative frequency approach.
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Compare and
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