twenty insurance agents are randomly selected and asked if they own a handgun. fourteen of those surveyed said that they do own a handgun. if an insurance agent is randomly selected, estimate the probability that the agent will own a handgun. round your answer to two decimal places, if necessary.

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19-12-2022
Mathematics

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twenty insurance agents are randomly selected and asked if they own a handgun. fourteen of those surveyed said that they do own a handgun. if an insurance agent is randomly selected, estimate the probability that the agent will own a handgun. round your answer to two decimal places, if necessary.

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debjitbhowal4568 debjitbhowal4568 · Answer 1 · 2022-12-25T20:29:15-05:00

The probability is 0.8427.

Probability means possibility. It is a branch of mathematics that deals with the occurrence of a random event. The value is expressed from zero to one. Probability has been introduced in Maths to predict how likely events are to happen. The meaning of probability is basically the extent to which something is likely to happen. This is the basic probability theory, which is also used in the probability distribution, where you will learn the possibility of outcomes for a random experiment. To find the probability of a single event to occur, first, we should know the total number of possible outcomes.

Here we are total number of insurance agents = 89

And number of insurance agents do own a handgun = 75

So we asked probability that a insurance agent will own a handgun

Probability = no.of insurance agents/no.of insurance agents who owns a handgun

Probability = 75/89 = 0.8427

The probability that the agent will own a handgun is .84

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