What is the relationship between the number of events

Assignment Help Basic Statistics

Reference no: EM132465029

What is the relationship between the number of events (causes), number of outcomes, and number of risk scenarios? Suppose you only have a finite amount of time to do an analysis, say to study 128 scenarios. How does increasing the number of possible outcomes (and outcome dimensions) affect the number of causes of harm you can consider? How does increasing the number of causes of harm affect the number of outcomes you can consider? What general rule can you deduce from this thought experiment given you have only a finite amount of time and resources to do an analysis? Why calculate the number of scenarios?

Reference no: EM132465029

Questions Cloud

Sat scores between the two groups : Find a 95% confidence interval and decide if the SAT scores between the two groups is significantly different.

What is your expected win-loss : Suppose you buy 1 ticket for $2 out of a lottery of 500 tickets where the prize for the one winning ticket is to be $100. What is your expected win/loss?

Confidence interval for the treatment means : A consumer preference study compares the effects of three different bottle designs (A, B, and C) on sales of a popular fabric softener.

What percentage of customer balances are aged : What percentage of customers have accounts that are aged greater than 90 days?What percentage of customer balances are aged greater than 90 days?

What is the relationship between the number of events : What is the relationship between the number of events (causes), number of outcomes, and number of risk scenarios?

Confidence interval for the proportion of all people : Based upon this, compute a 95% confidence interval for the proportion of all people in this city who are dissatisfied with their working conditions.

What benefits did the experience offer you : Professional mentorship has been identified as an important component of professional engagement, professional growth, and advancement.

Compute earnings per share using the weighted-average : Compute earnings per share for 2018, using the weighted-average number of shares determined.Determine the weighted-average number of shares outstanding

Describe impact that aca has had on medicare recipients : Briefly define the qualifications for Medicare and Medicaid benefits. Describe the impact that the ACA has had on Medicare and Medicaid recipients.

User Account

All Pages