Discussion Question help
Please try and make each answer 100 words. Please have question above the answer so I know which is which.
1. What is probability? What are the properties of probability?
2. What are the 3 different classes of probability?
3. Describe discrete and continuous variables with examples.
4. A large company must hire a new president. The Board of Directors prepares a list of five candidates, all of whom are equally qualified. Two of these candidates are members of a minority group. To avoid bias in the selection of the candidate, the company decides to select the president by lottery.
a. What is the probability one of the minority candidates is hired?
b. Which concept of probability did you use to make this estimate?
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