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

Cartesian product-categories of multiplication, Cartesian product - situat...

Cartesian product - situations in which the total number of ordered pairs (or triples, or ...) are do be found. (e.g., if Hari makes 'dosas' of 3 different sizes, with 4 different

E is irrational, If e were rational, then e = n/m for some positive integer...

If e were rational, then e = n/m for some positive integers m, n. So then 1/e = m/n. But the series expansion for 1/e is 1/e = 1 - 1/1! + 1/2! - 1/3! + ... Call the first n v

Find the coordinates of c , Plot the points A(2,0) and B (6,0) on a graph p...

Plot the points A(2,0) and B (6,0) on a graph paper. Complete an equilateral triangle ABC such that the ordinate of C be a positive real number .Find the coordinates of C   (Ans: (

Applications of series - differential equations, Series Solutions to Differ...

Series Solutions to Differential Equations Here now that we know how to illustrate function as power series we can now talk about at least some applications of series. There ar

Angles of elevation and depression, Can someone please help me grasp the co...

Can someone please help me grasp the concept of angles of depression and elevation?

Simple harmonic motion, prove that the composition of two simple harmonic o...

prove that the composition of two simple harmonic of the same period and in the same straight line is also a simple harmonic motion of the same period.

Power series and functions - sequences and series, Power Series and Functio...

Power Series and Functions We opened the previous section by saying that we were going to start thinking about applications of series and after that promptly spent the section

Prepare a bar diagram, Question Write a short note on the following: ...

Question Write a short note on the following: 1 The weekly salaries of a group of employees are given in the following table. Find the mean and standard deviation of the

Complex number, The points A,B,C and D represent the numbers Z1,Z2,Z3 and Z...

The points A,B,C and D represent the numbers Z1,Z2,Z3 and Z4.ABCD is rhombus;AC=2BD.if  Z2=2+i ,Z4=1-2i,find Z1 and Z3 Ans) POI of diagonals: (3-i)/2. Using concept of rotation:

Show that the angles subtended at the centre , A circle touches the sides o...

A circle touches the sides of a quadrilateral ABCD at P, Q, R and S respectively. Show that the angles subtended at the centre by a pair of opposite sides are supplementary.

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