Florida Lottery Let A denote the event of placing a $1 straight bet on the Florida Play 4 lottery and winning. The chance of event A occurring is 1 in 10,000. What is the value of P(A)? What is the value of P ( A ) ?
Read moreTable of Contents
Textbook Solutions for Elementary Statistics
Question
Using Probability to Identify Unlikely Events. In Exercises 2936, consider an event to be unlikely if its probability is less than or equal to 0.05. (This is equivalent to the same criterion commonly used in inferential statistics, but the value of 0.05 is not absolutely rigid, and other values such as 0.01 are sometimes used instead.)Air Travel Fatalities One measure of air travel safety is this: There are 117 fatalities per billion passenger flights. Express that measure as aprobability. Is it unlikely for an air passenger to be a fatality? How does air travel compare to the car fatality rate of 40 fatalities per billion trips? Is thiscomparison fair?
Solution
The first step in solving 4-2 problem number 32 trying to solve the problem we have to refer to the textbook question: Using Probability to Identify Unlikely Events. In Exercises 2936, consider an event to be unlikely if its probability is less than or equal to 0.05. (This is equivalent to the same criterion commonly used in inferential statistics, but the value of 0.05 is not absolutely rigid, and other values such as 0.01 are sometimes used instead.)Air Travel Fatalities One measure of air travel safety is this: There are 117 fatalities per billion passenger flights. Express that measure as aprobability. Is it unlikely for an air passenger to be a fatality? How does air travel compare to the car fatality rate of 40 fatalities per billion trips? Is thiscomparison fair?
From the textbook chapter Basic Concepts of Probability you will find a few key concepts needed to solve this.
Visible to paid subscribers only
Step 3 of 7)Visible to paid subscribers only
full solution