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 ) ?
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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.)At the End of the Day In a Marist poll, respondents chose the most annoying phrases used in conversation. Nineteen chose at the end of theday, 441 chose whatever, 235 chose you know, 103 chose it is what it is, 66 chose anyway, and 75 were unsure. Based on these results, what isthe probability of selecting someone who considers at the end of the day to be the most annoying phrase? At the end of the day, is it unlikely to selectsomeone with that choice?
Solution
The first step in solving 4-2 problem number 36 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.)At the End of the Day In a Marist poll, respondents chose the most annoying phrases used in conversation. Nineteen chose at the end of theday, 441 chose whatever, 235 chose you know, 103 chose it is what it is, 66 chose anyway, and 75 were unsure. Based on these results, what isthe probability of selecting someone who considers at the end of the day to be the most annoying phrase? At the end of the day, is it unlikely to selectsomeone with that choice?
From the textbook chapter Basic Concepts of Probability you will find a few key concepts needed to solve this.
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