Business Statistics-Conditional Probability
Question Description
Yourinitial post should be 75-150 words in length.
Conditional Probability
1. If there are 3 green marblesand 4 red marbles in a bag, and you were asked to draw one withoutlooking, what is the probability of drawing one green marble? Please show work
2. If you don’t put that marble back, what is the probability of drawing another green marble? Please show work
3. Using the above “marbles in the bag” scenario, what is a conditional probability question that you can make from it?
In §4.4 we are introduced to theconcept of conditional probability. The notation P(A | B) denotes theprobability of event A occurring given that we know event B hasoccurred.
Now consider the Monty Hall Problem introduced in the following video:
https://m.youtube.com/watch?v=4Lb-6rxZxx0
4. After watching this video, weknow that if we are given the option to switch doors that,probabilistically speaking, it is in our best interest to switch. Why isthe probability of winning NOT 50/50 when the contestant is given theopportunity to switch?
Please provide original work. No plagiarizing.
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