Question

What are some of the uses of finding probabilities through experiments?

Solution

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Finding probabilities through experiment is used to:

$\bullet$ Estimate some proportion in a very large population (as the population is so large, it will be very difficult to obtain information about all subjects in the population and thus using an experiment will then be more attainable as it will use only part of the large population). $\text{\color{#4257b2}For example, to determine the proportion of U.S. adults who will vote for a certain president candidate.\color{default}\ $\bullet$ Determine if some decision process is fair. \color{#4257b2}For example, to determine if some coin is fair, that is, if heads and tails are equally likely to occur by chance.\color{default}\ $\bullet$ etc.}$

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