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

Integration, Integrate ((cosx)*(sinx))/(sin(2x)) with respect to x

Integrate ((cosx)*(sinx))/(sin(2x)) with respect to x

Calculate the slope of the line, Calculate the slope of the line: Exa...

Calculate the slope of the line: Example: calculate  the  slope  of  the  line  whose  equation  is  y  =  2x  +  3  and  whose y-intercept is (0,3). Solution:    y =

The bionomial theorem for rational index, use the bionomial theorem to expa...

use the bionomial theorem to expand x+2/(2-X)(WHOLE SQUARE 2)

Calculus, application of radious of curvatur

application of radious of curvatur

Extreme value theorem, Extreme Value Theorem : Assume that f ( x ) is cont...

Extreme Value Theorem : Assume that f ( x ) is continuous on the interval [a,b] then there are two numbers a ≤ c, d ≤ b so that f (c ) is an absolute maximum for the function and

Describe the types of triangles, Describe the Types of triangles ? Tria...

Describe the Types of triangles ? Triangles can be classified according to the lengths of the sides or the measures of the angles. 1. Naming triangles by sides An

Dynamic and kinematic viscosity , Tabulated values of the dynamic and kinem...

Tabulated values of the dynamic and kinematic viscosity of aqueous sodium chloride solutions have been researched in the academic literature (Kestin et al 1981). The data availab

What is partially ordered set, What is Partially Ordered Set?  Let  S = {a,...

What is Partially Ordered Set?  Let  S = {a,b,c} and A = P(S). Draw the Hasse diagram of the poset A with the partial order ⊆ (set inclusion).   Ans: Let R be a relation define

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