Question
A car salesman has determined the probability of a person purchasing a car with cash is p = 0.08. Which term best describes the probability of this event?
A.
very unlikely
B.
very likely
C.
impossible
D.
neither likely nor unlikely
A.
very unlikely
B.
very likely
C.
impossible
D.
neither likely nor unlikely
Answers
GPT-4o mini
The probability of a person purchasing a car with cash is \( p = 0.08 \), which means there is an 8% chance of this event occurring.
In probability terms:
- A probability close to 0 (e.g., 0.01) is considered very unlikely.
- A probability close to 1 (e.g., 0.99) is considered very likely.
- A probability of exactly 0 is impossible.
- A probability around 0.5 is considered neither likely nor unlikely.
Since 0.08 is closer to 0, the best term to describe the probability of someone purchasing a car with cash is:
**A. very unlikely**
In probability terms:
- A probability close to 0 (e.g., 0.01) is considered very unlikely.
- A probability close to 1 (e.g., 0.99) is considered very likely.
- A probability of exactly 0 is impossible.
- A probability around 0.5 is considered neither likely nor unlikely.
Since 0.08 is closer to 0, the best term to describe the probability of someone purchasing a car with cash is:
**A. very unlikely**