Question: please respond in less than 150 words. just pick one promt a or promot b Prompt A: Probability models are still just models. They are
Prompt A: Probability models are still just models. They are not reality. There are assumptions behind any model and if the model is wrong, so is everything else. We must make sure the model is reasonable and just because a random variable is continuous or you happen to know a mean and standard deviation doesn't mean that a Normal model will be useful. Search to find an example where the Normality Assumption was unjustifiably made and which led to wrong answers or misleading conclusions. Prompt B: Explain 3 important concepts from the chapter in your own words. Give examples or describe why you think they are important in a real-life or statistical context. (Do not just write the definitions or list the properties. Be descriptive with examples.) Prompt A: Probability models are still just models. They are not reality. There are assumptions behind any model and if the model is wrong, so is everything else. We must make sure the model is reasonable and just because a random variable is continuous or you happen to know a mean and standard deviation doesn't mean that a Normal model will be useful. Search to find an example where the Normality Assumption was unjustifiably made and which led to wrong answers or misleading conclusions. Prompt B: Explain 3 important concepts from the chapter in your own words. Give examples or describe why you think they are important in a real-life or statistical context. (Do not just write the definitions or list the properties. Be descriptive with examples.)
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