Table of contents
- 1. Intro to Stats and Collecting Data55m
- 2. Describing Data with Tables and Graphs1h 55m
- 3. Describing Data Numerically1h 45m
- 4. Probability2h 16m
- 5. Binomial Distribution & Discrete Random Variables2h 33m
- 6. Normal Distribution and Continuous Random Variables1h 38m
- 7. Sampling Distributions & Confidence Intervals: Mean1h 3m
- 8. Sampling Distributions & Confidence Intervals: Proportion1h 12m
- 9. Hypothesis Testing for One Sample1h 1m
- 10. Hypothesis Testing for Two Samples2h 8m
- 11. Correlation48m
- 12. Regression1h 4m
- 13. Chi-Square Tests & Goodness of Fit1h 20m
- 14. ANOVA1h 0m
4. Probability
Basic Concepts of Probability
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Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
In your coin purse, you have 3 quarters, 4 nickels, & 2 dimes. If you pick a coin at random, what is the probability that it will be a quarter?
A
0.33
B
0.44
C
0.50
D
0.66

1
First, identify the total number of coins in the purse. You have 3 quarters, 4 nickels, and 2 dimes. Add these numbers together to find the total number of coins: 3 + 4 + 2.
Next, determine the number of favorable outcomes for the event of picking a quarter. Since there are 3 quarters, the number of favorable outcomes is 3.
To find the probability of picking a quarter, use the formula for probability: \( P(\text{quarter}) = \frac{\text{number of quarters}}{\text{total number of coins}} \).
Substitute the values into the formula: \( P(\text{quarter}) = \frac{3}{3 + 4 + 2} \).
Simplify the expression to find the probability. This will give you the probability of picking a quarter from the purse.
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