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

Example of implicit differentiation, Example of Implicit differentiation ...

Example of Implicit differentiation So, now it's time to do our first problem where implicit differentiation is required, unlike the first example where we could actually avoid

Vectors, A 10 m ladder of 150N is placed at an angle 30degrees to a smooth ...

A 10 m ladder of 150N is placed at an angle 30degrees to a smooth wall at point A and the other end (point B) on the ground. Assume that the weight of the ladder acts at its mid po

How did rousseau resolve the conflict, How did Rousseau resolve the conflic...

How did Rousseau resolve the conflict between the rights of the individual and the responsibilities of government (the state)? How did the ideas about universal education and socia

VECTORS, OQRS IS A QUADRILATERAL SUCH THAT OQ= -6,3 OR= -3,7 AND OS= 1,5. T...

OQRS IS A QUADRILATERAL SUCH THAT OQ= -6,3 OR= -3,7 AND OS= 1,5. T IS ON OQ SUCH THAT OT: TQ= 1:2 PROVE THAT QRST IS AA PARALLEGRRAM

Properties of radicals, If n is positive integer greater than 1 and a & b b...

If n is positive integer greater than 1 and a & b both are positive real numbers then, Consider that on occasion we can let a or b to be negative and yet have these propert

Probability, An unbiased die is tossed twice .Find the probability of getti...

An unbiased die is tossed twice .Find the probability of getting a 4,5,6 on the first toss and a 1,2,3,4 on the second toss

Describe subtracting negative fractions, Describe Subtracting Negative Frac...

Describe Subtracting Negative Fractions? Subtracting two fractions, whether one is positive and one is negative, or whether they are both negative, is almost the same process a

How much, If one acre costs $2500 how much does .39 of an acre cost

If one acre costs $2500 how much does .39 of an acre cost?

Linear Equations of Parallel Lines, A line has the equation 2y=-3x+1. Find...

A line has the equation 2y=-3x+1. Find an equation of a line parallel to this line that has a y-intercept of -2.

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