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Simulation and Expected Values: Yale Law School says 74% of their students pass the bar exam...

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Statistics

Simulation and Expected Values: Yale Law Schoolsays 74% of their students pass the bar exam on their firsttry.

To simulate passing students, we could assign the random digitsas:

00 to 49 = pass first try, 50 to 99 = fail first try

0 to 7 = pass first try, 8 to 9 = fail first try

00 to 73 = pass first try, 74 to 99 = fail first try

0 to 4 = pass first try, 5 to 9 = fail first try

The outcomes for this experiment are __________________, with aprobability of ________________, and __________________, with aprobability of __________________.

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Yale Law School says 74 of their students pass the bar exam on their first try This can be interpreted as given a randomly selected Yale Law school student the probability that the student passes the bar    See Answer
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