Probability tells us the chance or likelihood that a particular event will occur. Whether or not we realize it, every day we use probability to make decis
Probability tells us the chance or likelihood that a particular event will occur. Whether or not we realize it, every day we use probability to make decisions. For instance, when deciding whether to take an umbrella, we check the weather forecast to see the probability that it will rain. In this instance, probability tells us the likelihood that it will rain; however, the decision about taking an umbrella is based on an individual's willingness to risk getting rained on. Some people will take an umbrella when the probability of rain is at least 40%, while others will wait until the probability is at least 60%.
What are two examples of when you have used probability to make a decision? One example should be from your personal life and one from your work life. If you do not work, show two examples from your personal life. Provide specific numeric values to show how you made the decision. Share this information in your initial post to the discussion.
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.
