Question

b. Compute Upper P left parenthesis ModifyingAbove p with caret less than 0.05 right parenthesis. The probability that ModifyingAbove p with caret is less than 0.05 is 0.9997. ​(Round to four decimal places as​ needed.) Interpret this result.

Answer 1

Answer: it is more likely to occur the event of Modifying Above p with caret is less than 0.05.

Explanation:

Given : The probability that Modifying Above p with caret is less than 0.05 is

`P(p<0.05)=0.9997`.

We know that if the probability of any event is greater than 0.05, then we say the event is more likely to occur.

Since, the probability that Modifying Above p with caret is less than 0.05 is greater than 0.05 (0.9997>0.05), therefore, we say it is more likely to occur the event of Modifying Above p with caret is less than 0.05.