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

Laplace transform, what is the Laplace transform of e^9(-t)^a)

what is the Laplace transform of e^9(-t)^a)

Hierarchical multiple regression, A group of children who lived near a lead...

A group of children who lived near a lead smelter in El Paso, Texas, were identified and their blood levels of lead were measured. An exposed group of 46 children were identified w

Determine the angle, In parallelogram ABCD, m∠A = 3x + 10 and m∠D = 2x + 30...

In parallelogram ABCD, m∠A = 3x + 10 and m∠D = 2x + 30, Determine the m∠A. a. 70° b. 40° c. 86° d. 94° d. Adjacent angles in a parallelogram are supplementary. ∠A a

Find out the volume of the solid- method of rings, Find out the volume of t...

Find out the volume of the solid obtained by rotating the region bounded by y = x 2 - 2x and  y = x about the line y = 4 . Solution: Firstly let's get the bounding region & t

Estimate the greatest possible number of calculators, Martha has $20 to spe...

Martha has $20 to spend and would like to buy as several calculators as possible along with the money. The calculators that she needs to buy are $4.50 each. How much money will she

ConnectEd, How do I increase and decrease tax and sales

How do I increase and decrease tax and sales

Liner regression, Liner Regression The calculations for our sample siz...

Liner Regression The calculations for our sample size n = 10 are described below. The linear regression model is y = a + bx Table: Distance x miles

Calculate time interval, From top of a tower a stone is thrown up and it re...

From top of a tower a stone is thrown up and it reaches the ground in time t1. A second stone is thrown down with the same speed and it reaches the ground in t2. A third stone is r

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