Prediction (Grade 11 NSC Matric Mathematical Literacy): Quizzes

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Prediction
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What does prediction in probability mean?

Using past events to estimate future

What are probability values determined by?

Observing trends in past events

What does probability describe?

Likelihood over time

How does collecting more data affect predictions?

Makes them more accurate

In the coin toss example, when is the probability closer to 50%?

After thousands of tosses

What is the first step in making predictions using probability?

Collect data from past events

Why do insurance companies charge males higher rates?

Males have higher accident risk

Is probability a certainty or a prediction?

A prediction

How do individual events relate to predicted patterns?

May not follow, but overall trends will

When do predictions become more reliable?

With data from several years

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