Probability can be defined as “The chance or likelihood of an event occurring” (Mirabella, 2011, p. 2-1). When looking at Joint Probability, it shows the likelihood of the Event A occurring at the same time as Event B occurs. Therefore, it is the probability of two or more specific events occurring together. Within my current assignment, I am looking at the probability of event A, student genders and event B, the student majors. For example, when looking at joint probability within the assignment, one of the questions wanted to express how likely is it for a student to be male and a finance major. The answer is derived from taking the intersection of males that are majoring in finance and dividing that number by the total number of people which gives us 15%.
Therefore, the use of probability is utilized for making decisions and overall gaining the understanding of the big picture to make the best decisions (Mirabella, 2011). Moreover, probability is encompassed throughout our daily lives. We utilize it pretty much daily sometimes without even fully recognizing it. …show more content…
Out of the 200 students, if we are wanting to factor in the probability of whether a student is male or female that can be determined from our results and it is displayed as showing 50% are male and 50% are female out of the 200 students. Based on the results there are more males majoring in Leadership than there are females. Furthermore, more females have yet to declare a major. Overall, most students both male and female are interested in Leadership and Finance majors as the overall number of males and females in these majors are relatively high. I take it that many of the students are enthused about finding careers that direct them into leadership and management roles. Fewer students are desired in marketing as their
Therefore, the use of probability is utilized for making decisions and overall gaining the understanding of the big picture to make the best decisions (Mirabella, 2011). Moreover, probability is encompassed throughout our daily lives. We utilize it pretty much daily sometimes without even fully recognizing it. …show more content…
Out of the 200 students, if we are wanting to factor in the probability of whether a student is male or female that can be determined from our results and it is displayed as showing 50% are male and 50% are female out of the 200 students. Based on the results there are more males majoring in Leadership than there are females. Furthermore, more females have yet to declare a major. Overall, most students both male and female are interested in Leadership and Finance majors as the overall number of males and females in these majors are relatively high. I take it that many of the students are enthused about finding careers that direct them into leadership and management roles. Fewer students are desired in marketing as their