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Probability distribution: For the discrete random variable, a mathematical formula which provides the probability of each value of variable. See, for instance, binomial distribution and Poisson distribution. For the continuous random variable, a curve described by the mathematical formula which specifies, by way of area under the curve, the probability which the variable falls within the particular interval. Examples comprise the normal distribution and the exponential distribution. In both the cases the term probability density might also be used. (A distinction is sometimes made among 'density' and 'distribution', when the latter is reserved for probability that the random variable comes below some value. In this dictionary, though, the latter will be termed the cumulative probability distribution and the probability distribution and probability density both are used synonymously.
2 jobs n machines,graphical method,how to determine which job should proceed first on each machine
ACC – A pioneer in the Indian cement industry Associated Cement Companies Ltd. (ACC) came into existence in 1936, after the merger of 10 companies belonging to four important bus
There are two periods. You observe that Jack consumes 100 apples in period t = 0, and 120 apples in period t = 1. That is, (c 0 ; c 1 ) = (100; 120) Suppose Jack has the util
Martingale: In the gambling context the term at first referred to a system for recouping losses by doubling the stake after each loss has occured. The modern mathematical concept
An oil company is considering whether or not to bid for an offshore drilling contract. If they bid, the value would be $600m with a 65% chance of gaining the contract. The company
The number of passengers arriving at an airport terminal average 1200 each hour. To process passengers (check in, take luggage, etc) take an average of 6 minutes each. There are
Monty Hall problem : A apparently counter-intuitive problem in the probability which gets its name from the TV game show, 'Let's Make a Deal' hosted by the Monty Hall. On show a pa
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Ordination is the procedure of reducing the dimensionality (that is the number of variables) of multivariate data by deriving the small number of new variables which contain much
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