A business journal reports that the probability that Internet users in the United States will use a mobile payment app is 0. 60. The journal claims this indicates that out of 5 randomly selected Internet users, 3 will use the mobile payment app. Is this business journal interpreting the probability correctly?

Answers

Answer 1

Answer:

Explanation:

No, the business journal is not interpreting the probability correctly.

The probability of an event occurring is a value between 0 and 1, where 0 represents an impossible event and 1 represents a certain event. In this case, the business journal is reporting that the probability of an Internet user in the United States using a mobile payment app is 0.60, which means that there is a 60% chance that a randomly selected Internet user will use the mobile payment app.

However, when the journal claims that out of 5 randomly selected Internet users, 3 will use the mobile payment app, they are interpreting the probability as a number of successes in a certain number of trials. The probability of 0.60 cannot be directly converted into the number of expected successes in a fixed number of trials without additional information.

In order to calculate the expected number of Internet users out of 5 who will use the mobile payment app, you would use the formula for expected value of a binomial distribution, which is n * p, where n is the number of trials and p is the probability of success. In this case, n is 5 and p is 0.60. So, expected value of number of internet users out of 5 using the app is 5 * 0.60 = 3 which is what the journal is claiming.

Therefore, The journal's interpretation of probability is in the right direction but is not a directly convertable quantity.


Related Questions

What is a good topic sentence on the perspective of companies on the gender wage gap

Answers

Answer:

The gender wage gap is a reality for many companies. While some have been able to make strides in narrowing the gap, others have been slow to change. Some companies are holdouts, legally paying women less than men for the same work. Overall, the gender wage gap exists because of historical and societal factors that exist outside of the workplace. While companies are not solely responsible for the gender wage gap, they are a part of the solution.

WILLL CHOOSE BRAINLIEST!!!!!!!!!


Rachel is an excellent high school student who earns high grades in challenging classes. She has recently been hired as a part-time lab assistant at a medical clinic. She is concerned that the job will affect her school performance.


Part C


Provide a specific example that clearly illustrates how each of the following would inhibit Rachel’s success at her new job.


Adrenal glands


Lack of REM sleep

Answers

When the adrenals respond to stress, immunity decreases, implying that if Rachel becomes concerned, she may develop a greater proclivity to become ill and be unable to attend school or work.

What is Adrenal glands?

Small, triangular-shaped glands known as adrenal glands are situated on top of both kidneys. They are also referred to as suprarenal glands. Your adrenal glands produce hormones that control your metabolism, immune system, blood pressure, stress response, and other critical processes.

The medulla and cortex, which make up the two components of the adrenal gland, produce two distinct hormones separately. Addison's disease (adrenal insufficiency) can result from inadequate hormone production by the adrenal glands.

Nodules that can be benign or malignant can form on the adrenal glands, which may cause the glands to produce too much of some hormones and cause a variety of health problems.

Working and studying at the same time may cause Rachel to not get enough sleep, resulting in a lack of sleep time, which can impair her learning ability both at work and in the classroom.

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The principal of a new elementary school wants to give an IQ test to all students when they enter the school. The students will then be placed in groups of students with similar IQ scores. The principal assures the community that this plan is supported by scientific research and will improve education for all students, regardless of their ability.
Using evidence, present an argument for or against intelligence testing for children early in life.
Using evidence, present an argument for or against schools that “track” children based on intelligence test scores, separating high scorers from those with lower scores.
Using evidence, present an argument supporting the claim that environmental influences affect intelligence.
Using evidence, present an argument supporting the claim that labeling or tracking students could lead to stereotype threat.

Answers

1. Argument for intelligence testing for children early in life: Intelligence testing can provide valuable information about a child's cognitive abilities and potential.

2.Argument against schools that "track" children based on intelligence test scores: Tracking students based on intelligence test scores can perpetuate and exacerbate existing educational disparities.

3. Argument supporting the claim that environmental influences affect intelligence: Research has consistently shown that environmental factors, such as access to quality education, nutrition, and healthcare, can have a significant impact on cognitive development and intelligence.

4. Argument supporting the claim that labeling or tracking students could lead to stereotype threat: Stereotype threat is a phenomenon where individuals perform poorly on tasks due to the negative stereotypes associated with their social group.

How to illustrate the argument?

Research has shown that early identification and intervention can be effective in addressing learning difficulties and improving educational outcomes.

Research has shown that students in lower-ability tracks receive fewer resources and less challenging curriculum than their higher-ability peers, leading to a self-fulfilling prophecy where these students are less likely to achieve their full potential. Additionally, tracking can lead to stigmatization and a lack of motivation for students in lower-ability tracks.

Research has shown that labeling or tracking students based on intelligence test scores can lead to stereotype threat, particularly for students from underrepresented groups who are disproportionately placed in lower-ability tracks. This stereotype threat can further perpetuate existing educational disparities and negatively impact students' motivation and performance.

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What is a good topic sentence on the perspective of organizations on the wage gap

Answers

Answer:

"Organizations have long grappled with the issue of the wage gap, with some taking proactive measures to address pay disparities within their ranks and others downplaying or denying the existence of such disparities."

Explanation:

Find the surface area of each figure. Round your answers to the nearest hundredth, if necessary.

Answers

Answer:

Surface area of the given figure = 246.6 ft²

Explanation:

Surface Area = Lateral Surface Area + Area of Base

Now,

Base is a square

Area of Square = (9)² = 81

Now,

Lateral surface area = (1÷2)×(4×9)(9.2)

                                  = (1÷2)×(36)(9.2)

                                  = (1÷2)×(331.2)

                                  = 165.6

So,

Surface Area = 165.6 + 81

                      = 246.6

∴ we get

Surface area of the given figure = 246.6 ft²

I want to have records of household information. Which of the following would be information I could record in Excel?

Answers

The four main forms of Excel values are referred to as data types. Text, number, logical, and error are the four different forms of data. Knowing which type to use and when to use it is crucial because each type can be used for a variety of tasks.

What information I could record in Excel?

A record is a workbook's fundamental building piece for storing data about features. A sequence of bytes with varying lengths makes up each binary record. A binary record is made up of three elements: the record type, the record size, and the type-specific record contents.

Therefore, Household budgets would be information I could record in Excel.

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What impact does this story of Rosellini have on Krakauer's story about Chris McCandless?

1. It adds ethos to McCandless' character by drawing parallels.

II. It adds ethos to Krakauer's character by illustrating a deep understanding

of his subject

III. It adds pathos to the story by using Rosellini's own words.

A. Tonly

B. Il only

C. III only

D. I and II

E. I, II, and III

Answers

E. I, II, and III are the impact that this story of Rosellini have on Krakauer's story about Chris McCandless.

What is Chris McCandless?

Christopher Johnson McCandless, also known as "Alexander Supertramp," was an American adventurer who sought an increasingly nomadic lifestyle as he grew older. McCandless is the subject of Jon Krakauer's nonfiction book Into the Wild, which was later made into a full-length feature film.

After graduating from Emory University in Georgia in 1990, McCandless travelled across North America, eventually hitchhiking to Alaska in April 1992. He entered the Alaskan bush with few supplies, hoping to live simply off the land.

McCandless discovered an abandoned bus, Fairbanks Bus 142, on the eastern bank of the Sushana River, which he used as a makeshift shelter until his death. In September, his decomposing body, weighing only 67 pounds (30 kg), was discovered inside  the bus by a hunter..

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identify the two factors seismologists use to determine the probbaility of n earthquake in an area

Answers

Answer:

1. Date and time

2. Location

Explanation:

Well there are 3 main factors that seismologists use to determine the probability of an earthquake

1. The date and time

2. The location

3. The magnitude

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