Explain why the long-run relative frequency interpretation of probability does not apply to the following situations. (a)
Question:
(a) The proportion of days when the home loan rate at your bank is above its value at the start of the year.
(b) The proportion of cars that do not meet emission standards if the data are collected from service stations where the mechanics have been asked to check emissions while attending to other requested services.
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a The successive days cannot be considered as independent trials The rate on o...View the full answer
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Related Book For 
Statistics Principles And Methods
ISBN: 9780470904114
7th Edition
Authors: Richard A. Johnson, Gouri K. Bhattacharyya
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