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Statistics question on classical probability?
I am taking Business Statistics, this is the problem:
Electric meters on private homes in a community register the cumulative consumption of kilowatt-hours with a five-digit reading. If a home in the community was randomly selected, it’s possible that the right-hand digit (which spins the fastest) would be a “7”. Using the concept of classical probability, what is the probability that the digit is a “7”?
How would this be solved?
Please use layman's terms, I have very little math skills.
1 Answer
- 8 years agoFavorite Answer
The last digit could be one of 10 numbers: 0,1,2,3,4,5,6,7,8,9.
We consider these numbers equally likely to appear as the right hand digit. Therefore
P(last digit is 0) = .... = P(last digit is 7) = ... = P(last digit is 9) = 0.1