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Provide an example of a stochastic process or situation

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Reference no: EM131654408

Please assist with the following two questions:

Please address bothof the following topics:

  1. Provide an example of a stochastic process or situation (one where the outcome is unknown with certainty) in your day-to-day life.
  2. Given the scenario that this class is comprised of ten male students and eleven female students and you are part of a five member team, how would you respond to the following?

What is the probability that (if you are male) your team is composed of all males or (if you are a female) your team is composed of all females?

Reference no: EM131654408

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