Parviz F. answered 12/08/13
Tutor
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Mathematics professor at Community Colleges
Ratio is used in calculating the probability dealing with Discredit variables:
Like in an urn you have 3 red balls and 5 green ones, when draw 1 ball on random what is the probability ]
of having a green ball:
3 / 8 is the probability, under the assumption that all equal states of equally probable:
the probability is the ratio of number of Green balls / total number of balls.
But if you wanted to know the probability of people with the annual average annual income of
$30,000- $50, 000 read from Presumptive normal distribution of annual income.
Then the probability is read from the normal table X between interval of (30,000 - 50,000).
Subtract the normalized value of 50,000 from 30,000.