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

My daugther needs help, my daughter is having trouble with math she cant un...

my daughter is having trouble with math she cant understand why please help us

Determine series is convergent or divergent by root test, Find out if the f...

Find out if the following series is convergent or divergent. Solution There really is not very much to these problems another than calculating the limit and then usin

Find the volume of a right circular cylinder, Find the volume of a right ci...

Find the volume of a right circular cylinder: Calculate the volume and surface area of a right circular cylinder along with r = 3" and h = 4".  Solution: V =      πr 2

Which of the following could the length of the base height, The area of a p...

The area of a parallelogram can be expressed as the binomial 2x 2 - 10x. Which of the following could be the length of the base and the height of the parallelogram? To ?nd out

How many people said that red was their favorite color, In a recent survey ...

In a recent survey of 700 people, 15% said that red was their favorite color. How many people said that red was their favorite color? Find out 15% of 700 through multiplying 70

Wavy curve method, In order to compute the inequalities of the form ...

In order to compute the inequalities of the form   where n 1 , n 2 , ....... , n k , m 1 , m 2 , ....... , m p are natural and real numbers and a 1 , a 2 , ... , a k ,

Whats this, how do you determine if a graph has direct variation

how do you determine if a graph has direct variation

Mensuration, if area of a rectangle is 27 sqmtr and it perimeter is 24 m fi...

if area of a rectangle is 27 sqmtr and it perimeter is 24 m find the length and breath#

Introduction To Numerical Methods & Matlab, Can you help me with the course...

Can you help me with the coursework i have in Matlab?

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