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Lecture12 - GEM2900 Understanding Uncertainty Statistical...

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GEM2900 - Understanding Uncertainty & Statistical Thinking Semester 2, 2010/2011 NUS/FOS/DSAP Lecture 12 – 1 Lecture 12 GEM 2900 Understanding Uncertainty & Statistical Thinking
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GEM2900 - Understanding Uncertainty & Statistical Thinking Semester 2, 2010/2011 NUS/FOS/DSAP Lecture 12 – 2 Example ... Buses Tend to be Late Let’s look at another example of guessing strategies... One of the early evening, Carson have met two friends of his, Albert and Betty for a cup of coffee and start discussing the bus that you catch to work every morning, which tends to be late about 40% of the time on a daily basis. They decide to see who can best predict whether the bus will be late or on time for the entire week (5 working days). Each one of them will suggest a sequence of five Ls and Ts (‘ L ate’ and ‘on T ime’). How to Calculate with Probabilities Which you need to apply some probability rules as what we’ve done in ‘numbers in my hands’ example.
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