probability in your profession or real life

 

probability in your profession or real life

1. 1.To learn more about your peers, what two quantitative questions would you put on a survey and which measurement scale(s) would you use? What might you be able to infer about the data you would collect?

3.Do you use probability in your profession or real life? You most likely do. For example, chance of rain tomorrow is 27%. We hear similar probabilities in the media all the time. Similar probabilities could be found in other professions. Using a search engine, find an example of probability that is used in your chosen profession or real life. Explain the example and be sure to clearly cite the source of the information.

5.Visit the website http://www.pollingreport.com or any other public opinion polling site and find a poll that interests you personally or professionally. Give the topic of the poll, the sample size, and margin of error. Do you think the result of the pool from the sample reflects the public opinion?

6. Share with your peers the null and alternative hypotheses for a decision that is relevant to your life. This can be a personal item or something at work. Additionally, identify the Type I and Type II Errors that could occur with your decision-making process.

7. Locate the results of a recent survey in a newspaper, magazine, or Internet article. Outline the survey data so that your peers can understand the variables and results, and then identify at least one key formula from this Module that you could use to evaluate the data. Provide a brief explanation of why you selected the formula you did and why it matters.

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