Probability, Mathematics

Assignment Help:

Probability

-Probability is an extremely popular concept in business management. Since it covers the risks such may be included in certain business situations. This is a fact that when a business investment is being arranged, the outcome is generally uncertain. Hence the concept of probability may be utilized to describe the degree of uncertainty of a particular business outcome

Therefore Probability may be defined as the chances of a described event happening. Numerically, probability values range between 1 and 0. A probability of 0 shows the event cannot occur at all. A probability of 1 show the event will certainly happen.

Hence other events have their probabilities along with values lying between 1 and 0

-The formular utilized to determine probability is as given below:

Probability (x) =  r/n = favourable out comes/total out comes


Related Discussions:- Probability

Progressions, The sum of the series 1+1/2+1/4+......is

The sum of the series 1+1/2+1/4+......is

Calculus, What is the slope of the line tangent to f(x)=3-2 ln(2x^2+4) at t...

What is the slope of the line tangent to f(x)=3-2 ln(2x^2+4) at the point (4, f(4))

BASIC MATHEMATHICS :AN APPLIED APPROACH BY RATHUS, FIRST OF ALL I WANNA KN...

FIRST OF ALL I WANNA KNOW THECHNIQUES, I CAT DIVIDE BIG BIG NUMBERS , EVERYTHING IN MATH IIS VERY HARD FOR ME I HOPE YOU CAN HELP ME

Compute the total and annual return on the investment, 1. Calculate the ann...

1. Calculate the annual interest that you will receive on the described bond-A $500 Treasury bond with a current yield of 4 .2% that is quoted at 106 points? 2. Compute the tota

Equations of lines - three dimensional spaces, Equations of Lines In t...

Equations of Lines In this part we need to take a view at the equation of a line in R 3 .  As we saw in the earlier section the equation y = mx+b does not explain a line in R

Geometry, A closed conical vessel of radius 36 cm and height 60 cm, has som...

A closed conical vessel of radius 36 cm and height 60 cm, has some water. When vertex is down then the height of water is 12 cm. What is the height of water when vertex is up?

Calculas, Q1: Find three positive numbers whose sum is 54 and whose product...

Q1: Find three positive numbers whose sum is 54 and whose product is as large as possible.

Mathematical formulae, Mathematical Formulae (a ...

Mathematical Formulae (a + b) 2 = a 2 + b 2 + 2ab (a - b) 2 = a 2 + b 2 - 2ab (a + b) 2 +

Describe vibration absorber and white noise, Describe what is meant by eac...

Describe what is meant by each of the following NVH terms and explain their importance in vehicle refinement: (a)  Vibration absorber (b)  Fast Fourier Transform (c)  Whit

Determine the area of the regular octagon, Determine the area of the regula...

Determine the area of the regular octagon with the following measurements. a. 224 square units b. 112 square units c. 84 square units d. 169 square units b. See

Write Your Message!

Captcha
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