Mon. Nov 28th, 2022
  

Business homework help. Descriptive StatisticsPlease discuss the following here:1.Describe in your own words the difference between mutually exclusive events and independent events and comment on whether you think your classmates are correct. 2.Give a verbal example of a situation which calls for using permutations and a situation where combinations should be used. 3.Given the following circumstance, tell us what you’d think:Ten people are on a life raft in the middle of the ocean. It is sinking and help is nowhere in sight. It has been determined that the raft is carrying too heavy a load and one person has to go overboard. No one wants to be that person. To be fair, they decided to draw lots. Ten straws were miraculously produced, 9 long and 1 short. They take turns drawing the straw. The first 6 people all drawn long straws, much to their relief. When it comes to the 7th person, he refused, saying the whole thing is not fair. He said the 1st person had 1 chance in 10 of going overboard, but he has 1 in 4. (4 straws left, 1 short and 3 long) The odds of 1 in 4 are a great deal larger than those of 1 in 10.Does he have a case? Is the procedure not fair?1.Describe in your own words the difference between mutually exclusive events and independentevents and comment on whether you think your classmates are correct.please provide the classmates…

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