If an outcome has a 1 in 100 chance of occurrence,then the probability of that outcome is p = .10.

Name: If an outcome has a 1 in 100 chance of occurrence,then the probability of that outcome is p = .10.
Brand: Quizplus
Rating: 4.7 (39 reviews)

Question

Quizplus · Accepted Answer

The probability of an event happening is equal to the number of favorable outcomes divided by the total number of possible outcomes. In this case, the probability of the outcome is 1/100, which equals 0.01 or 1%. Therefore, the probability of that outcome is p = 0.01, not p = 0.10.

If an Outcome Has a 1 in 100 Chance of Occurrence,then