Question: Please answer the questions below. Try to use your own words and if you are taking anything for somewhere please mentioned it in the end
Please answer the questions below. Try to use your own words and if you are taking anything for somewhere please mentioned it in the end as Citation but try to use your own words.
- Describe in detail what you see as the primary differences between risk and uncertainty. How can we use data to decipher uncertainty? At least 150 to 250 words.
- Give four examples of mutually exclusive scenarios besides coin flipping and rolling a die.
- Give four examples of conditional probability in the real word beside sporting events such as a double-header. Be specific.
- Provide four examples of discrete measures.
- Provide four examples of continuous measures.
- Name one situation where cumulative probability will be a factor in the real world.
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