SOLUTION: What are two examples in which you have used probability to make a decision? One example should be from your personal life and one from your work life. If you do not work, show two

Algebra ->  Probability-and-statistics -> SOLUTION: What are two examples in which you have used probability to make a decision? One example should be from your personal life and one from your work life. If you do not work, show two      Log On


   



Question 1185831: What are two examples in which you have used probability to make a decision? One example should be from your personal life and one from your work life. If you do not work, show two examples from your personal life. Provide specific numeric values to show how the decision was made.
Found 2 solutions by Alan3354, ikleyn:
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
I have done that playing poker or Blackjack.
Maybe.

Answer by ikleyn(52803) About Me  (Show Source):
You can put this solution on YOUR website!
.


            Instead, I will give you  BETTER  and  MORE  INTERESTING  problem to solve.

            If you don't know a precise solution,  use your intuition.



Imagine that you are on the test.

The test consists of  20  questions,  in all.

Of them,  10  questions are the multiple choice questions with  4  options in each question;
of these  4  options,  only one is a correct answer in each question.


The other  10  questions are  "Yes/No"  questions.


You have a right to select,  which of these two groups of questions to answer.
Any correct answer has the same score in each / (in both) of these two groups of questions.


You are  EQUALLY  NON-PREPARED  to answer both groups of questions;  so,  you will choose an answer  RANDOMLY  to each question.


Which of these two group of questions will you select to maximize your scores ?