Which of the Following Best Describes the Concept of Probability

question 25

Multiple Choice

Which of the following best describes the concept of probability?

• A) It is a measure of the likelihood that a particular event will occur.
• B) It is a measure of the likelihood that a particular event will occur,given that another event has already occurred.
• C) It is a measure of the likelihood of the simultaneous occurrence of two or more events.
• D) None of these options.

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Definitions:

Type II Error

The statistical mistake of failing to reject a false null hypothesis, or the error of not detecting an effect or difference when one truly exists.

Type I Error

Incorrectly dismissing a true null hypothesis as false.

Control Chart

A graphical tool used in quality control processes to monitor changes and variations in a process over time.

Control Limits

Statistical boundaries set in process control that indicate the permissible range of variation for a process to remain in control.