What Is a Base Rate

question 12

Multiple Choice

What is a base rate?

• A)how frequently an event occurs in a population
• B)the number of guesses made about the event
• C)the accuracy of predictions about the event in the past
• D)the amount of information available to make a prediction

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Definitions:

Transportation Networks

Systems of interconnected routes and modes of transport facilitating movement of people and goods.

Shipping

The process of transporting goods by sea, air, or land from one location to another.

Ground Transport

The movement of people or goods using vehicles that operate on roads or tracks, such as buses, trains, or trucks.

M-Pesa

A mobile phone-based money transfer, financing, and microfinancing service, launched in 2007 by Vodafone for Safaricom and Vodacom, primarily in Africa.