Examlex

Solved

You Are Part of a Committee Tasked with Determining Whether

question 17

Essay

You are part of a committee tasked with determining whether to build a dam upstream of your small town.What factors would you consider? How would you decide yes or no?


Definitions:

Conditional Probability

The likelihood of an event or outcome occurring, given that another event has already occurred.

Given Event

An occurrence or outcome within a probability space that has a specified probability attached to it.

Independent Events

Two or more events whose outcomes do not affect each other, meaning the occurrence of one event does not change the probability of the other.

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 1 indicates certainty.

Related Questions