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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
Example of Probability: Example: By using a die, what is the probability of rolling two 3s in a row? Solution: From the previous example, there is a 1/6 chance of
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Two people are 50 feet separately. One of them begin walking north at rate so that the angle illustrated in the diagram below is changing at constant rate of 0.01 rad/min. At what
EXPLAIN ME ABOUT ITS FUNCTIONS.
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