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

An even number is selected, Let the Sample Space S = {1, 2, 3, 4, 5, 6, 7, ...

Let the Sample Space S = {1, 2, 3, 4, 5, 6, 7, 8}. Suppose each outcome is equally likely. Compute the probability of event E = "an even number is selected".

Solution process of linear differential equations, For a first order linear...

For a first order linear differential equation the solution process is as given below: 1. Place the differential equation in the correct initial form, (1). 2. Determine the i

How many students are study physics alone, A class has 175 learners. The gi...

A class has 175 learners. The given table describes the number of learners studying one or more of the subsequent subjects in this case                 Subjects

Taylor series - series solutions to differential equations, Once we get out...

Once we get out of the review, we are not going to be doing a lot with Taylor series, but they are a fine method to get us back into the swing of dealing with power series. Through

LINEAR PROGRAMMING, Richland Health has three hospitals in the greater Tamp...

Richland Health has three hospitals in the greater Tampa, Florida area. Demand for patient services varies considerably during the fall and winter months due to the temporary influ

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