A class of 24 students ran the same experiment through 5 simulations and reported the following outcome: Out of 120 simulations, BEACH DAY made money 54 times and lost money the other 66 times. Using this class data, what is the probability that BEACH DAY makes money this season? Enter your answer as a percent. Do you anticipate BEACH DAY will make money this spring break? Over the next 10 years. if the weather patterns continue to be the same, do you anticipate BEACH DAY will make money over that time or not? B
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To determine the probability that BEACH DAY makes money based on the class data, we take the number of successful outcomes (54 times) and divide it by the total number of simulations (120). Thus, the probability is \( \frac{54}{120} = 0.45 \), which translates to 45%. So, based on this historical data, there’s a 45% chance BEACH DAY will be profitable this season! As for anticipating whether BEACH DAY will make money this spring break, it’s important to remember that past performance doesn’t guarantee future results. Even with a 45% probability, this still means there is a 55% chance of a loss. Regarding the next decade, if weather patterns remain consistent, the historical probability suggests that BEACH DAY may experience a mixed bag of outcomes — potentially making money in some years while losing in others. Keeping an eye on those weather patterns will be key!
