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

Hello, I am here to tell you, Alex has a cold.

I am here to tell you, Alex has a cold.

Calculate the probability, Data collected from the STATS 10x class survey o...

Data collected from the STATS 10x class survey one semester included responses to questions on the number of different sexual partners and on the number of pairs of shoes the stude

Determine how many valid fortran identifiers, A valid identifier in the pro...

A valid identifier in the programming language FORTAN contains a string of one to six alphanumeric characters (the 36 characters A, B,...., Z, 0, 1,...9) starting with a letter. De

Integers, The set of whole numbers also does not satisfy all our requ...

The set of whole numbers also does not satisfy all our requirements as on observation, we find that it does not include negative numbers like -2, -7 and so on. To

Shares, a person having rs.10 shares of value rs.6000 in a company which pa...

a person having rs.10 shares of value rs.6000 in a company which pays a 7% dividend invested the money gained by selling those shares and bought rs.25 shares at rs.24 per share in

Example of integration strategy - integration techniques, Evaluate the subs...

Evaluate the subsequent integral. ∫ (tan x/sec 4 x / sec 4 x)  dx Solution This kind of integral approximately falls into the form given in 3c.  It is a quotient of ta

Describe the introduction to integers, Describe the Introduction to Integer...

Describe the Introduction to Integers ? Integers include the positive and negative whole numbers, such as -4, -3, -2, -1, 0, 1, 2, 3, 4, and so on. A negative number has a "

Definition of higher order derivatives, Higher Order Derivatives : Le...

Higher Order Derivatives : Let's begin this section with the given function.                            f ( x ) = 5x 3 - 3x 2 + 10 x - 5 By this point we have to be a

Tent originally sold for $2 what is the percent of discount, A tent origina...

A tent originally sold for $260 and has been marked down to $208. What is the percent of discount? Find out the number of dollars off. $260 - $208 = $52. Further, determine wha

Correlation coefficient, Correlation coefficient - These are numerical...

Correlation coefficient - These are numerical measures of the correlations existing between the independent and the dependent variables - These are better measures of corre

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