Please assist with the following two questions:
Please address both of the following topics:
- Provide an example of a stochastic process or situation (one where the outcome is unknown with certainty) in your day-to-day life.
- Given the scenario that this class is comprised of ten male students and eleven female students and you are part of a five member team, how would you respond to the following?
What is the probability that (if you are male) your team is composed of all males or (if you are a female) your team is composed of all females?