The Power Rank website (thepower rank.com) listed the probability of each team to win the 2014 World
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The Power Rank website (thepower rank.com) listed the probability of each team to win the 2014 World Cup in soccer as follows:
a. Interpret Brazil's probability of \(35.9 \%\), which was based on computer simulations of the tournament under various assumptions. Is it a relative frequency or a subjective interpretation of probability?
b. Germany would emerge as the actual winner of the 2014 World Cup. Does this indicate that the 7.4\% chance of Germany winning, which was calculated before the tournament, should have been \(100 \%\) instead?
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Related Book For
Statistics The Art And Science Of Learning From Data
ISBN: 9781292444765
5th Global Edition
Authors: Alan Agresti, Christine A. Franklin, Bernhard Klingenberg
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