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

Algebra 1, how do you write this polynomial in standerd form 5x3 + x5 - 8 +...

how do you write this polynomial in standerd form 5x3 + x5 - 8 + 4x ?

first person drawn was named the class president, Consider a class of 55 s...

Consider a class of 55 students. The student names are placed in a hat & 3 names are randomly drawn without replacement. a)     If the first person drawn was named the class presi

Proof of various limit properties, PROOF OF VARIOUS LIMIT PROPERTIES In...

PROOF OF VARIOUS LIMIT PROPERTIES In this section we are going to prove several of the fundamental facts and properties about limits which we saw previously. Before proceeding

Differential equation, Suppose a fluid (say, water) occupies a domain D? R^...

Suppose a fluid (say, water) occupies a domain D? R^(3 ) and has velocity field V=V(x, t). A substance (say, a day) is suspended into the fluid and will be transported by the fluid

Management, An investment manager at TD Ameritrade is making a decision abo...

An investment manager at TD Ameritrade is making a decision about a $10,000,000 investment. There are four portfolio options available and she is looking at annual return of these

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