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

How many cubic yards of concrete are required, A concrete retaining wall is...

A concrete retaining wall is 120 feet long with ends shaped as given. How many cubic yards of concrete are required to construct the wall? a. 217.8 yd 3 b. 5,880 yd 3

Calculus, The law of cosines can only be applied to acute triangles. Is thi...

The law of cosines can only be applied to acute triangles. Is this true or false?

Math, 1+3+5+7+9+11+13+15+17+19

1+3+5+7+9+11+13+15+17+19

Find out indegree, Question: Consider a digraph D on 5 nodes, named x0...

Question: Consider a digraph D on 5 nodes, named x0, x1,.., x4, such that its adjacency matrix contains 1's in all the elements above the diagonal A[0,0], A[1,1], A[2,2],.., e

the speed of the motor boat, A motor boat takes Six hours to cover 100 km ...

A motor boat takes Six hours to cover 100 km downstream and 30 km  upstream. If the motor boat goes 75 km downstream and returns  back to its starting point in 8 hours, find the sp

Find the maxima and minima - equal pi, 1) Find the maxima and minima of f(x...

1) Find the maxima and minima of f(x,y,z) = 2x + y -3z subject to the constraint 2x^2+y^2+2z^2=1 2) Compute the work done by the force ?eld F(x,y,z) = x^2I + y j +y k in moving

Find the sum-of-products expression for the function, Find the sum-of-produ...

Find the sum-of-products expression for subsequent function,  F (x,y,z) = y + Z‾ Ans: The sum of the product expression for the following function f is DNF (disjunc

Determine the minimum cost , A company is taking bids on four construction ...

A company is taking bids on four construction jobs. Three Contractors have placed bids on the jobs. Their bids (in thousands of dollars) are given in the file. (A blank indicates n

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