Discussion Post Conditional Probability Business Statistics 150 words

Dec 21st, 2015
Steve1995
Category:
Statistics
Price: $5 USD

Question description

Conditional Probability

In §4.4 we are introduced to the concept of conditional probability.  The notation P(A | B) denotes the probability of event A occurring given that we know event B has occurred.

Now consider the Monty Hall Problem introduced in the following video:

https://m.youtube.com/watch?v=4Lb-6rxZxx0

  • After watching this video, we know that if we are given the option to switch doors that, probabilistically speaking, it is in our best interest to switch. 
  • Explain why this is the case using your knowledge of conditional probability
"should be a minimum of 150 words 300 words max. If you use any source outside of your own thoughts, you should reference that source. Include solid grammar, punctuation, sentence structure, and spelling."

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