What are the objective and subjective interpretations of Probability?

Have you ever wondered about the likelihood of an event occurring? Whether it’s the odds of your favorite football team winning on Sunday or how much you pay for car insurance, probability concepts can play a role in making those determinations. Respond to the following questions in a minimum of 175 words: Consider a situation that you might need to use your understanding of probability to make an informed decision. What sorts of information would you collect? How might you use what you have learned about probability to determine a course of action? What are the possible benefits and limitations of this approach?

In the game show “Deal or no Deal?”, a contestant must first choose 5 boxes out of 22 to be opened. Each box contains a different amount of money. Once a box has been opened, its contents can no longer be won. For each question, explain your reasoning carefully: (a) What is the probability that the contestant chooses the most valuable box? (b) What is the probability that the contestant chooses at least one of the top 5 most valuable boxes

(a) The probabilities that a customer will purchase a new car from Green, white, red or blue color are respectively 0.11, 0.14, 0.22 and 0.25. Find the probability that the new customer will not purchase car from these colors.

Below is a partially complete probability model. Enter the probability for the final outcome. Outcome 3 3 3.5 6 Probability 0.35 0.2 0.15   Find the expected value of the probability model. Speak

PROBABILITY IS CLASSIFIED AS EITHER EMPIRICAL        SUBJECTIVE OR __________ PROBABILITY.

What is the relationship between two events if the conditional probability is equal to the "unconditional" probability?  That is: if P(A|B) = P(A)?

Keep your eyes and ears open as you read or listen to the news this week. Find/discover an example of statistics & probability in the news.  Was it explained well, or poorly? What is the context? Do you think anything about the article is misleading? Can you make any inferences based on it?   Initial post due Monday:  Do you think that the statistics in the article would convince the reader of anything?  Explain why or why not by referencing examples from the article.