SBM Chapter 7 Probability: Living with the Odds'

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SBM Chapter 7 Probability Living with the
Odds.

• 7D Assessing Risk

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What is Risk?

• I cant reveal the details yet, but you will
  love this bicycle. It will improve your life in
  more ways than you can count.
• Its only downside is that it will
  eventually fall apart and seriously hurt
  you.
• Will you buy one?

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Risk, Travel Breakfast?

• Are you more safe in a car or an SUV?
• Are pancakes better for breakfast or cereal?
• You can make your own decisions appropriate for
  yourself by looking at the terms how they are
  expressed
• These risks are expressed as
• Accidental or Death Rates

Please Look at Examples 1 2 on pages 439-40
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Interpreting Statistics?

• Data concerning births deaths of citizens are
  called vital statistics
• It is best to compare these rates in terms of
• Deaths per person
• Deaths per 100,000

Please Look at Example 3 on page 441
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Life Expectancy?

• Life Expectancy is the number of years a person
  with a given age today can expect to live (on
  average).
• What is your life expectancy???

Please Look at Example 4 on page 443 and the
Case Study on pages 443-44
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Homework for 7D

• 7D s 1 - 4, 7 - 10, 14 17
• Read 7E pg. 447-56