Question

2 multiple choice 4 points select the most appropriate response. if the computed probability of an event occurring is 0.01. which of the following statements is correct? the event is likely to occur. we would expect the event to occur about one percent of the time the event cannot occur. all of the above.

Explanation:

Step1: Recall probability interpretation

Probability is a measure of the likelihood of an event. A probability of 0 means the event cannot occur, and a probability of 1 means the event is certain to occur. A probability of 0.01 can be written as 1% (since $0.01=\frac{1}{100}=1\%$).

Step2: Analyze each option

• Option 1: An event with probability 0.01 is not likely to occur. Usually, events with high - probability (close to 1) are considered likely.
• Option 2: Since $0.01=\frac{1}{100}$, we would expect the event to occur about one percent of the time. This is correct.
• Option 3: An event with non - zero probability can occur. A probability of 0.01 is non - zero.
• Option 4: Since options 1 and 3 are incorrect, this option is also incorrect.

Answer:

We would expect the event to occur about one percent of the time.