Assume the Sample Space S = {Win, Loss}

question 117

Multiple Choice

Assume the sample space S = {win, loss}. Select the choice that fulfills the requirements of the definition of probability.

• A) P({win}) = 0.7, P({loss}) = 0.2
• B) P({win}) = 0.7, P({loss}) = −0.3
• C) P({win}) = 1.0, P({loss}) = 0.1
• D) P({win}) = 0.5, P({loss}) = −0.5

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Definitions:

Normal Distribution

A balanced probability distribution around the mean, demonstrating that occurrences are more frequent near the mean than away from it.

Margin of Error

An indicator of the precision of an estimate in statistics, showing the range within which the true value is expected to lie with a certain level of confidence.

Confidence Interval

A range of values that is used to estimate the true value of a population parameter with a certain level of confidence.

Standard Deviation

An index used to assess the extent of variation or scatter among data points.