Chapter 7: Q2RE (page 495)
Question:\(P({\rm{ tails }}) = \frac{1}{4},P({\rm{ heads }}) = \frac{3}{4}\)
a) What conditions should be met by the probabilities assigned to the outcomes from a finite sample space?
b) What probabilities should be assigned to the outcome of heads and the outcome of tails if heads come up three times as often as tails?
Short Answer
Answer
(a) The resultant answer isthat all probabilities are between 0 and 1 including.The sum of the probabilities of all possible outcomes needs to be equal to 1.
(b) The resultant answer is \(P({\rm{ tails }}) = \frac{1}{4}\), \(P({\rm{ heads }}) = \frac{3}{4}\)
.