Discuss how likely it is that 70% of students will pass a college course with a B or an A. Then, consider the following questions: Would you look at data showing the success rate of previous courses? Would you check whether the current GPA of students in your class is high or low? What other data would you like to have before you determine the probability of 70% of students passing this course with a B or an A?
Discuss how likely it is that 70% of students will pass a college course with a B or an A. Then, consider the following questions: Would you look at data showing the success rate of previous courses? Would you check whether the current GPA of students in your class is high or low? What other data would you like to have before you determine the probability of 70% of students passing this course with a B or an A?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter11: Simulation Models
Section: Chapter Questions
Problem 44P: You now have 5000. You will toss a fair coin four times. Before each toss you can bet any amount of...
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Discuss how likely it is that 70% of students will pass a college course with a B or an A. Then, consider the following questions:
Would you look at data showing the success rate of previous courses?
Would you check whether the current GPA of students in your class is high or low?
What other data would you like to have before you determine the probability of 70% of students passing this course with a B or an A?
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