Try Magic Notes and save time.Try it free
Try Magic Notes and save timeCrush your year with the magic of personalized studying.Try it free
Question

In the first year after its release, 83 percent of emergency room doctors were estimated to have tried Dermabond glue (an alternative to sutures in some situations). (a) What kind of probability is this? (b) How was it probably estimated? (c) Why might the estimate be inaccurate? (Data are from Modern Healthcare 29, no. 32 [August 9, 1999], p. 70.)

Solution

Verified
Answered 11 months ago
Answered 11 months ago
Step 1
1 of 3

(a) For an 83%83\% estimation that doctors have tried Dermabond glue, this can be classified as an empirical or subjective probability.

Empirical probability is defined as the probability where the number of occurrences or frequency of an event in a sample space is used to determine how likely the event will happen again.

Subjective probability is defined as the opinion of someone regarding the probability or likelihood of an event.

Create an account to view solutions

Create an account to view solutions

Recommended textbook solutions

Essential Statistics in Business and Economics 2nd Edition by David Doane, Lori Seward

Essential Statistics in Business and Economics

2nd EditionISBN: 9780077312367 (5 more)David Doane, Lori Seward
659 solutions
Statistics for Business and Economics 13th Edition by James T. McClave, P. George Benson, Terry T Sincich

Statistics for Business and Economics

13th EditionISBN: 9780134446332 (1 more)James T. McClave, P. George Benson, Terry T Sincich
5,424 solutions
Statistics for Business and Economics 12th Edition by David R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams

Statistics for Business and Economics

12th EditionISBN: 9781133274537 (8 more)David R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams
2,015 solutions
Statistics for Business and Economics 14th Edition by David R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams

Statistics for Business and Economics

14th EditionISBN: 9781337901062 (1 more)David R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams
1,766 solutions

More related questions

1/4

1/7