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

Geomartry, how to find volume of a cone in cubic units when the radius is 5...

how to find volume of a cone in cubic units when the radius is 5 and height is 11

More optimization problems, More Optimization Problems Example   A w...

More Optimization Problems Example   A window is being built in which the bottom is rectangle and the top is a semicircle. If there framing materials is 12 meters what have

Andrew is helping his mom remodel his room, The perimeter of Andrew''s rect...

The perimeter of Andrew''s rectangular room is 44 feet. What equation was used to find the perimeter?

Statewide mortality rates, Assume that between workers exposed to asbestos ...

Assume that between workers exposed to asbestos in a shipyard in 1980, 33 died over a 10 year period from COPD, whereas only 24 such deaths would be expected based on statewide mor

Management, An investment manager at TD Ameritrade is making a decision abo...

An investment manager at TD Ameritrade is making a decision about a $10,000,000 investment. There are four portfolio options available and she is looking at annual return of these

Comperative statics, Discuss comparative statics,Market model and Nationa i...

Discuss comparative statics,Market model and Nationa income model

Evaluate negative infinity, Evaluate both of the following limits. ...

Evaluate both of the following limits. Solution : Firstly, the only difference among these two is that one is going to +ve infinity and the other is going to negative inf

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