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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
An inground pool is pooring with water. The shallow end is 3 ft deep and gradually slopes to the deepest end, which is 10 ft deep. The width of the pool is 30 ft and the length is
1/8 +2 3/4
Rachel had 3.25 quart of ice tea. her family drank 9 cups.How many cups are left
A reliability system consists of 15 independent components. The probability that a component works is 0.9 for each. The system works if at least 11 of the components work. Fi
Calculate the value of the following limits. Solution To remind us what this function such as following the graph. hence, we can see that if we reside to the r
If A, B and P are the points (-4, 3), (0, -2) and (α,β) respectively and P is equidistant from A and B, show that 8α - 10β + 21= 0. Ans : AP = PB ⇒ AP 2 = PB 2 (∝ + 4) 2
Add 1011 and 1101 in base 2
Players and spectators enter a ballpark according to independent Poisson processes having respective rates 5 and 20 per hour. Starting at an arbitrary time, compute the probability
Calculate the volume and surface area of a cube: Calculate the volume and surface area of a cube with a = 3". Be sure to involved units in your answer. Solution: V =
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