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

Describe adding and subtracting fractions in details, Describe Adding and S...

Describe Adding and Subtracting Fractions in details? To add or subtract fractions, here are some steps: 1. Find the lowest common denominator (LCD) or any common denominato

Generalized least squares regression, a. Estimate the following model,  C t...

a. Estimate the following model,  C t   =  β 0   +  β 1 * DI t +  ε t             Where C t = Aggregate Consumption Expenditure in Australia, quarterly data for the per

Complement of a set, Need solution For the universal set T = {1, 2, 3, 4...

Need solution For the universal set T = {1, 2, 3, 4, 5} and its subset A ={2, 3} and B ={5, } Find i) A 1 ii) (A 1 ) 1 iii) (B 1 ) 1

Determine the slope, Determine the slope following lines.  Sketch the graph...

Determine the slope following lines.  Sketch the graph of line.       The line which contains the two points (-2, -3) and (3, 1) .   Solution we'll need to do is employ

Power of x, (x+1/x)^2=3 then value of x^72+x^66+x^54+x^36+x^24+x^6+1 is

(x+1/x)^2=3 then value of x^72+x^66+x^54+x^36+x^24+x^6+1 is

Evaluate following unit circle, Evaluate following sin 2 ?/3   and sin (-2 ...

Evaluate following sin 2 ?/3   and sin (-2 ?/3) Solution: The first evaluation in this part uses the angle 2 ?/3.  It is not on our unit circle above, though notice that  2 ?/

Hcf, the length of three pieces of ropes are 140cm,150cm and 200cm.what is ...

the length of three pieces of ropes are 140cm,150cm and 200cm.what is the greatest possible length to measure the given pieces of a rope?

A jeweler has bars of 18-carat gold , A jeweler has bars of 18-carat gold a...

A jeweler has bars of 18-carat gold and 12-carat gold. How much of every melted together to obtain a bar of 16-carat gold, weighing 120 gm ? It is given that pure gold is 24 carat.

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