Question

A randomly generated list of numbers from 0 to 4 is being used to simulate an event, with the number 4 representing a success. What is the estimated probability of a success?

A.75%
B.60
C.25%
D.40%

Answer 1

The solution would be like this for this specific problem:

Given:

{0, 1, 2, 3, 4}
Success = 2, 3, and 4

Solution:

Success = 3 numbers
Sample = 5

= 3 / 5

= .6

= .6 * 100%

= 60%

So, the estimated probability of a success based from the randomly generated list of numbers being used to simulate an event is 60%.

To add, the measure of the likelihood that an event will occur is called probability and it is quantified as a number between 0 and 1, where, loosely speaking, 0 indicates impossibility and 1 indicates certainty.