IOP2601 Assignment 2 (COMPLETE ANSWERS) Semester 1 2025 - DUE 31 March 2025; 100% correct solutions and explanations

IOP2601 Assignment 2 (COMPLETE ANSWERS) Semester 1 2025 - DUE 31 March 2025; 100% correct solutions and explanations QUESTION 1 [10] 1.1 In your own words, briefly name and explain the first three steps of the research process. Provide examples where possible. (3) 1.2 In your own words, differentiate between descriptive statistics and inferential statistics. Provide examples where possible. (2) 1.3 Describe the differences or similarities between the mean, median and mode. (3) 1.4 Explain the characteristics of a normal distribution. (2) QUESTION 2 [7] Thabiso and Tshepo, twin siblings, are participating in a soccer betting competition with a chance to win R5 000 in cash prizes. The competition requires participants to bet on a winning team. Thabiso submitted 10 entries, while Tshepo submitted 15, contributing to a total of 500 qualifying entries. They are concerned about their chances of winning. Use this information to answer the following questions: 2.1 What is the probability that Thabiso will win the first prize? (2) 2.2 What is the probability that Tshepo will win the second prize if Thabiso wins the first prize? (Note: The winner of