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Mathematics, 15.04.2020 02:12 justiceemani12

1. State whether the following is a classical or Bayesian (subjective) probability, and explain why (1 pt for correct id and 1 pt for explanation): a. The chance of getting a 5 on a fair 6-sided die is 1/6. b. The chance that the shelter-at-home restrictions in the SF Bay Area will be lifted by May 3 is 50%. c. There is a 95% chance of an additional major correction (drop of 20% or more) in the stock market in the next 2 months. d. The chance a baby will be born male is 51%. (Hint: this). e. If you flip a fair coin many times, about 50% of the time you will have gotten heads.

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