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Probability is the relative frequency with which an even occurs. Probability helps managers make rational decisions in situations involving uncertainty. There are 3 types of probability. Empirical probability is determined by observation. For example, the number of defects in 10,000 widgets was observed to be 25. So, P(defective)= 25/10,000. Subjective probability – subjective probability measures the likelihood of an event subjectively. Rationally derived from experience of the past, knowledge, and conditions of the present. A “personal belief”, allowing substantial variation in measures. Example: Based on past experience. I feel that the probability of candidate A winning the election is about 60%. Classical Probability requires enumerating all possible outcomes, counting the outcomes of interest, and computing probability of the outcome(s) of interest = number of the outcomes(s) of interest / the total number of outcomes. Example: If there are 40 even numbers and 60 odd numbers randomly distributed randomly in a box, the probability of drawing an even number, P (even) = 40/(40+60). The probability rules: probability outcome can take any value from 0 or 0% (impossible) to 1 or 100% (certainty). The probability of all outcomes is 100%. An event consists of 1 or more outcomes. The probability of an even not occurring is 1 minus the probability that it occurs. Select all VALID probabilities values. 50/49; 49/50; 1.01; -0.25; 1; 0%; 110%.
Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.
In this essay, we are going to discuss the issues of financial management in a non-profit organisation.
Evaluate venture's present value, cash and surplus cash and basic venture capital.
This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?
Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.
In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).
Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.
Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.
How much will you have left over each half year if you adopt the latter course of action?
A quoted company is considering several long-term sources of finance for expansion into new foreign markets.
This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.
This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.
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