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

Proof of the properties of vector arithmetic, Proof of the Properties of ve...

Proof of the Properties of vector arithmetic Proof of a(v → + w → ) = av → + aw → We will begin with the two vectors, v → = (v 1 , v 2 ,..., v n )and w? = w

Commercial, The C.P. of 20 articles is same as theS.P. of x articles.Articl...

The C.P. of 20 articles is same as theS.P. of x articles.Article profit is 25%.Find x

Operation research, details about criticl part time & pert method

details about criticl part time & pert method

Vector function - three dimensional spaces, Vector Function The good wa...

Vector Function The good way to get an idea of what a vector function is and what its graph act like is to look at an instance.  Thus, consider the following vector function.

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))

Multiple integrals, how to convert double integral into polar coordinates a...

how to convert double integral into polar coordinates and change the limits of integration

Algebra, let setM={X,2X,4X} for any numberX .if average (arthemetic mean)of...

let setM={X,2X,4X} for any numberX .if average (arthemetic mean)of the number in setM is 14.what is the value of X?

Simplify the logical expression, Simplify the logical expression X‾ Y‾ + X‾...

Simplify the logical expression X‾ Y‾ + X‾ Z + Y Z +Y‾ Z W‾  Ans: The K-Map for the following Boolean expression is described by the following diagram. The optimized expression

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