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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
the automatic hopper loader is set to put 36 tons of coal in each car. the actual weights of coal loaded into each car arw normally distributed with a mean of 36 tons and a standar
Safe deposit boxes are rented at the bank. The dimensions of a box are (22x5x5) in. Determine the volume of the box? a. 220 in 3 b. 550 in 3 c. 490 in 3 d. 360 in 3
You know the experation for the area of a circle of radius R. It is Pi*R 2 . But what about the formula for the area of an ellipse of semi-minor axis of length A and semi-major
Example Write down the equation of a circle alongwith radius 8 & center ( -4, 7 ) . Solution Okay, in this case we have r =8 , h = -4 and k = 7 thus all we have to do i
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If Var(x) = 4, find Var (3x+8), where X is a random variable. Var (ax+b) = a 2 Var x Var (3x+8) = 3 2 Var x = 36
The area of a parallelogram is x 8 . If the base is x 4 , what is the height in terms of x? Since the area of a parallelogram is A = base times height, then the area divided by
what is 9/8
Factoring out the greatest common factor of following polynomials. 8x 4 - 4 x 3 + 10 x 2 Solution Primary we will notice that we can factor out a
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