88. Individual Stock Price An individual stock is selected at random from the portfolio represented by the box-and-whisker plot shown. Find the probability that the stock price is between $21 and $50.
Table of contents
- 1. Intro to Stats and Collecting Data1h 14m
- 2. Describing Data with Tables and Graphs1h 55m
- 3. Describing Data Numerically2h 5m
- 4. Probability2h 16m
- 5. Binomial Distribution & Discrete Random Variables3h 6m
- 6. Normal Distribution and Continuous Random Variables2h 11m
- 7. Sampling Distributions & Confidence Intervals: Mean3h 23m
- Sampling Distribution of the Sample Mean and Central Limit Theorem19m
- Distribution of Sample Mean - Excel23m
- Introduction to Confidence Intervals15m
- Confidence Intervals for Population Mean1h 18m
- Determining the Minimum Sample Size Required12m
- Finding Probabilities and T Critical Values - Excel28m
- Confidence Intervals for Population Means - Excel25m
- 8. Sampling Distributions & Confidence Intervals: Proportion1h 25m
- 9. Hypothesis Testing for One Sample3h 29m
- 10. Hypothesis Testing for Two Samples4h 50m
- Two Proportions1h 13m
- Two Proportions Hypothesis Test - Excel28m
- Two Means - Unknown, Unequal Variance1h 3m
- Two Means - Unknown Variances Hypothesis Test - Excel12m
- Two Means - Unknown, Equal Variance15m
- Two Means - Unknown, Equal Variances Hypothesis Test - Excel9m
- Two Means - Known Variance12m
- Two Means - Sigma Known Hypothesis Test - Excel21m
- Two Means - Matched Pairs (Dependent Samples)42m
- Matched Pairs Hypothesis Test - Excel12m
- 11. Correlation1h 6m
- 12. Regression1h 50m
- 13. Chi-Square Tests & Goodness of Fit1h 57m
- 14. ANOVA1h 57m
4. Probability
Basic Concepts of Probability
Struggling with Statistics?
Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
Given the data below, determine the probability that a person randomly selected from Group 1 will be wearing jeans.

A
0.37
B
0.48
C
0.52
D
0.63
Verified step by step guidance1
Identify the total number of people in Group 1. This is the sum of people wearing jeans and not wearing jeans in Group 1.
From the table, note that the number of people wearing jeans in Group 1 is 68.
The number of people not wearing jeans in Group 1 is 63.
Calculate the total number of people in Group 1 by adding the number of people wearing jeans and not wearing jeans: 68 + 63.
Determine the probability that a person randomly selected from Group 1 is wearing jeans by dividing the number of people wearing jeans by the total number of people in Group 1. Use the formula: \( P(\text{Wearing Jeans}) = \frac{\text{Number of people wearing jeans}}{\text{Total number of people in Group 1}} \).
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Basic Concepts of Probability practice set

