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

Inverse tangent, Inverse Tangent : Following is the definition of the inve...

Inverse Tangent : Following is the definition of the inverse tangent.  y = tan -1 x     ⇔ tan y = x                     for            -∏/2 ≤ y ≤ ?/2 Again, we have a limi

Find the length and breadth of the rectangle, The area of a rectangle gets ...

The area of a rectangle gets decreased by 8 m2, if its length  is decreased by 5 m and breadth increased by 3 m. If we enhance  the length by 3 m and breadth by 2 m, the area is en

Evaluate trig functions limits, Evaluate following limits. (a) (...

Evaluate following limits. (a) (b)    Solution There in fact isn't a whole lot to this limit. In this case because there is only a 6 in the denominator we'l

Create a circular table with no restrictions, 1. Four different written dri...

1. Four different written driving tests are administered by a city. One of these tests is selected at random for each applicant for a drivers license. If a group of 2 women and 4 m

The definite integral- area under a curve, The Definite Integ...

The Definite Integral Area under a Curve If there exists an irregularly shaped curve, y = f(x) then there is no formula to find out

Marvin helping teachers plan trip what is the minimum no, Marvin is helping...

Marvin is helping his teachers plan a ?eld trip. There are 125 people going on the ?eld trip and each school bus holds 48 people. What is the minimum number of school buses they wi

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