Determine the value of the probability

Assignment Help Finance Basics
Reference no: EM13788802

The multiplication rule is used for finding the probability that event A occurs in a first trial and event B occurs in a second trail.

P(A and B)

Now to determine the value of the probability of A and B, we need to figure out if the events are independent or dependent.

Independent : The outcome of one event doesn't affect the outcome of the other event.

Dependent: If the outcome or occurrence of the first affects the outcome or occurrence of the second so the probability is changed.

Then the probability of A and B is the product of the probability of A occurring times the probability of B occurring after it is determined that event A has already occurred.

P(A and B) = P(A) * P(B)

Reference no: EM13788802

Questions Cloud

How are flagella and cilia similar : How are flagella and cilia similar
Withheld from his wages from working two job : Harry has two jobs. He earns $117,700 from his first job and $10,000 from his second job. How much total FICA withholding will Harry have withheld from his wages from working two jobs?
Maximum allowable american opportunity tax credit : DJ and Nicolette paid $1,600 in qualifying expenses for their daughter Nicole to attend the University of Nevada. Nicole is a sophomore. DJ and Nicolette's AGI is $175,000. What is their maximum allowable American opportunity tax credit after the cre..
Write paper about methods to stop cyber criminals : Write paper about methods to stop cyber criminals
Determine the value of the probability : Now to determine the value of the probability of A and B, we need to figure out if the events are independent or dependent.
Production warehouse move project : You have kicked off the District 4 Production Warehouse Move project, your contractors are in place and working on receiving the proper building permits.
Quarter absorption costing net operating income : SmoothIt Inc is facing a problem with their 4th quarter absorption costing net operating income on December 23rd. How many units need to be produced for inventory to meet net operating income target if sales commission is left unchanged at 4% ?
Common earnings management pattern issues : What are discretionary accruals? Why are they useful in testing the three PAT hypotheses?
Prepare a report on production welding machines : Prepare a Report on Production Welding Machines, Vertical Milling Machines, Turning Machines and Horizontal Milling Machines Rotary Tables & indexing Devices.

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd