Subjective Probability

a. Estimate the probability that on the next test in a randomly selected statistics class, at least one student earns a grade of A.

b. Answer part (a) with the additional knowledge that the selected class is a special section for honors students with very high grade point averages.

Solution 1BSC

(a)

Chances of getting at least one student who earns a grade of A on the next test in a randomly selected statistics class is very high so we can say that the required probability will be around 0.98.

(b)

Now...