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

Expert , i want to work with you, please guide me

i want to work with you, please guide me

What is the radius of the traffic circle, In traveling three-fourths of the...

In traveling three-fourths of the way around a traffic circle a car travels 0.228 mi.  What is the radius of the traffic circle? The radius of the traffic circle is ____ mi.

Simplex method, max z=3x1+2x2 s.t x1+2x2 3x1+2x2>=6 x1+4x2 ...

max z=3x1+2x2 s.t x1+2x2 3x1+2x2>=6 x1+4x2 x1,x2,x3>=0

Break even point, what is break even point and how can it helps managers to...

what is break even point and how can it helps managers to make decisions?

Define combined functions, Q. Define Combined Functions? Ans. We a...

Q. Define Combined Functions? Ans. We are often interested in functions which combine a trigonometric function with another type of function.  For example, y = x + sinx wi

Linear approximation method for interpolation, Linear Approxi...

Linear Approximation Method This is a rough and ready method of interpolation and is best used when the series moves in predicted interval

Consecutive positive odd integers 74 what is integer value, The sum of the ...

The sum of the squares of two consecutive positive odd integers is 74. What is the value of the smaller integer? Let x = the lesser odd integer and let x + 2 = the greater odd

Ways for 30 identical balls can be distributed among 4 boys, In how many w...

In how many ways 30 identical balls can be DISTRIBUTED among 4 boys?? Ans) Let they get a,b,c,d respectively. You requireto find the non negative integral results of a+b+c+d=3

Trigonometry, show that, sin 90 degree = 2 cos 45 degree sin 45 degree

show that, sin 90 degree = 2 cos 45 degree sin 45 degree

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