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

Generic rectangles and greatest common factors, miaty and yesenia have a gr...

miaty and yesenia have a group of base ten blocks.Misty has six more than yesnia. Yesenia''s blocks repersent 17 together they have 22 blocks,and the total of blocks repersent 85.

Numerical methods for ordinary differential equationsordinay, #k1=f(Tn, Xn)...

#k1=f(Tn, Xn), k2=f (Tn + H.Y,Xn + H.Y.k1) Xn+1=Xn + H(a.k1+ b.k2) Find a relation between Y,a and b so that the method is second order consistent.

Explain introduction to non-euclidean geometry, Explain Introduction to Non...

Explain Introduction to Non-Euclidean Geometry? Up to this point, the type of geometry we have been studying is known as Euclidean geometry. It is based on the studies of the a

Which state sold corsica to france in 1768, By which of those ancient civil...

By which of those ancient civilizations was Machu Pichu built? The Aztecs The Egyptians The Mayas The Incas Which state sold Corsica to France in 1768? - Not answered Genoa Veni

Statistics, The winning team''s score in 21 high school basketball games wa...

The winning team''s score in 21 high school basketball games was recorded. If the sample mean is 54.3 points and the sample standard deviation is 11.0 points, find the 90% confiden

Estimation of difference among population proportions , Estimation of diffe...

Estimation of difference among population proportions Assume the two proportions be described by P1 and P2, respectively,Then the difference absolute between the two proportion

Algebra, 25 algebraic equations that equal 36

25 algebraic equations that equal 36

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