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A lab assignment for a economics 230 course, focusing on understanding and calculating simple probabilities and conditional probabilities using a given dataset. Students are required to create a table, find probabilities for each row, column, and intersection, and apply the multiplication and addition rules.
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Lab 3 The goal of this lab is to understand and find simple probabilities and conditional probabilities, and to use the Multiplication Rule and the Addition Rule. Part 1: Create a table with your qualitative variable V 1 and quantitative variable V 2****. (2 points) For your Qualitative Variable, return to Lab 2 and choose the largest slice of the pie graph to label the first column. Label the second column “others”. For your Quantitative Variable, V 2 , label the first row LOW to indicate values that are at “the median or lower.” Label the second row as HIGH to indicate values that are “higher than the median.” You found the median in Lab 2. For a student who has more infielders (IF) than any other position, the table will look like: Qualitative Variable, V 1 (position) Quantitative Variable, V 2 (slugging percentage) For the data in the chart, this student has 22 infielders, 9 of whom have low values for slugging percentage and 13 of whom have high values for slugging percentage. This student has 18 players who are not infielders, 10 of whom have low values for slugging percentage and 8 of whom have high values for slugging percentage. If there is a tie between IF and OF for the most common category, choose IF as your most common category. Look at your data and count up the observations for each of the four cells in the table. Place the sums in each cell and be sure that the numbers in all of the cells sum to 40. Also record the sums for each row and each column. Part 2: Find simple probabilities. (1 point each) A. Compute the probability of being in Row 1. (For example, P(low slugging percentage )). B. Compute the probability of being in Column 1. (For example, P(infielder) ). C. Compute the probability of being in Row 1 and Column 1 using the appropriate frequency from your table. (For example, P(infielder who has low slugging percentage )). IF Others Low 9 10 High 13 8
Part 3: Find conditional probabilities. (1 point) Find the probability of being in Row 1, given Column 1. (For example, P(low slugging percentage, given infielder) ). Part 4: Multiplication Rule (2 points) If you choose two players from your sample, use the Multiplication Rule to find the probability that they are both from Column 1. (For example, P(both infielders) ). Hint: You will be sampling without replacement. Part 5: Addition Rule (1 point each) A. Use the Addition Rule to find the probability of being in Row 1 or Column 1. B. Use the Addition Rule to find the probability of being in Row 1 or Row 2.
Answer: _____________________ Part 3: Answer: _____________________ Part 4: Answer: _____________________
Part 5 A. Answer: _____________________ B. Answer: _____________________