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

Reduction formulae, Reduction formulae Script for Introduction: ...

Reduction formulae Script for Introduction: First let us know what is meant by reduction formula. In simple words,                 A formula which expressess(or re

4.4238/[1.047+{1.111*[9.261/7.777]}*1.01, Ask question #Min 4.4238/[1.047+{...

Ask question #Min 4.4238/[1.047+{1.111*[9.261/7.777]}*1.01

How many miles to the gallon does marci''s car get, Marci filled her car's ...

Marci filled her car's gas tank on Monday, and the odometer read 32,461.3 miles. On Friday while the car's odometer read 32,659.7 miles and she filled the car's tank again. It will

What is the widest piece of sheetrock, A door height is 6 feet and 6 inches...

A door height is 6 feet and 6 inches and 36 inches wide. What is the widest piece of sheetrock that will ?t through the door? Round to the nearest inch. a. 114 in b. 86 in

Write down a game each for teach maths to children, Write down a game each ...

Write down a game each to teach children i) multiplication, ii) what a circle is, iii) estimation skills. Also say what you expect the child to know before you try to t

#title.automotive cruise control system., What are some of the interestingm...

What are some of the interestingmodern developments in cruise control systems that contrast with comparatively basic old systems

Calculate the area and perimeter of a right triangle, Calculate the area an...

Calculate the area and perimeter of a right triangle: Calculate the area and perimeter of a right triangle with a 9" base and sides measuring 12 and 15.  Be sure to involve th

Find out the maximum number of ounces she can ship for $10, The cost of shi...

The cost of shipping a package by Shipping Express is $4.85 plus $2 per ounce of the weight of the package. Sally only has $10 to spend on shipping costs. Which of the subsequent c

Determine the area of the shaded region, The diagram below shows the cross ...

The diagram below shows the cross section of a pipe  1/2  inch thick that has an inside diameter of 3 inches. Determine the area of the shaded region in terms of π. a. 8.75π i

Project, elliptical path of celestial bodies

elliptical path of celestial bodies

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